patrickestarian

Patrick's Buy Histogram

Set up a trailing stop at about 0. Look for the red dots.and that's a good point to enter a long trade.
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study(title="Patrick's Buy Signal", shorttitle="Patrick's Buy Signal", overlay=false)
len1 = input(title="EMA Len 1", type=integer, defval=4, minval=1)
len2 = input(title="EMA Len 2", type=integer, defval=2, minval=1)
len3 = input(title="EMA Len 2", type=integer, defval=3, minval=1)

hline(0, color=gray, linewidth=1, linestyle=line, title="Zero Line")

typical = (high + low + close) / 3
ema1 = ema(typical, len1)
ema2 = ema(typical, len2)

D = 100*(ema2/ema1)-100
L = ema(D, len3)
//plot(D, color=blue, linewidth=1, title="Slower Moving Average")
//plot(L, color=red, linewidth=1, title="Faster Moving Average")

agl = atan(L-L[1])*10
diff = agl-agl[1]
plot(diff, color=black, linewidth=1, title="Oscillator")

bsig = iff (diff>0 and diff[1]<0, 0.1, 0)
plot(bsig, color=red, style=histogram, linewidth=5, title="Buy Histogram")
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