OPEN-SOURCE SCRIPT
Meu Script 44
My script 44.
The indicator uses 4 Arnaud Legaux moving averages calibrated by myself. It uses the following periods 17, 72 ,305 and 1292.
It is based on the work of Bo Williams (PhiCube) and the fractal 5-3.
When the moving averages are aligned up 17 > 72 > 305 > 1292 look for a buy. Above the green region or inside the green region.
When the moving averages are aligned down 17 < 72 < 305 < 1292 look for a sell. Under the green region or inside the green region.
If between the MAs wait for the end of the consolidation.
The color show in a diferent manner the moving averages and the regions proper to trade and to avoid.
The indicator uses 4 Arnaud Legaux moving averages calibrated by myself. It uses the following periods 17, 72 ,305 and 1292.
It is based on the work of Bo Williams (PhiCube) and the fractal 5-3.
When the moving averages are aligned up 17 > 72 > 305 > 1292 look for a buy. Above the green region or inside the green region.
When the moving averages are aligned down 17 < 72 < 305 < 1292 look for a sell. Under the green region or inside the green region.
If between the MAs wait for the end of the consolidation.
The color show in a diferent manner the moving averages and the regions proper to trade and to avoid.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.