PROTECTED SOURCE SCRIPT
EMA Difference Histogram & Stochastic Indicator
Indicator to compare two EMAs.
Difference will be plotted on a histogram and the color of the historgram is indicating, if a difference is getting bigger or smaller. This will help to determine positioning.
In addition there is an traffic light at the bottom to indicate if Stochastics are currently bullish ( k > d ) or bearish ( d < k ).
How to use:
- Decide on a time frame (6hr and 8hr seem to work pretty well)
- Wait for candle close!
- When Histogram turns dark green & Stochastics traffic light is green -> Long position
- When Histogram turns light green -> Cash (exit long position)
- When Histogram turns dark red & Stochastics traffic light is red -> Short position
- When Histogram turns light red -> Cash (exit short position)
I am happy for any constructive feedback.
Cheers and stay safe, everyone!
Difference will be plotted on a histogram and the color of the historgram is indicating, if a difference is getting bigger or smaller. This will help to determine positioning.
In addition there is an traffic light at the bottom to indicate if Stochastics are currently bullish ( k > d ) or bearish ( d < k ).
How to use:
- Decide on a time frame (6hr and 8hr seem to work pretty well)
- Wait for candle close!
- When Histogram turns dark green & Stochastics traffic light is green -> Long position
- When Histogram turns light green -> Cash (exit long position)
- When Histogram turns dark red & Stochastics traffic light is red -> Short position
- When Histogram turns light red -> Cash (exit short position)
I am happy for any constructive feedback.
Cheers and stay safe, everyone!
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
The new Order Block Finder V2 is available as invite-only script. Please visit the website for all the details and how to get access:
sites.google.com/view/wugamlo-indicators/
sites.google.com/view/wugamlo-indicators/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
The new Order Block Finder V2 is available as invite-only script. Please visit the website for all the details and how to get access:
sites.google.com/view/wugamlo-indicators/
sites.google.com/view/wugamlo-indicators/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.