Hi, is it possible to number the waves on the chart, just as you have done to show the xample. That would be great, rather than having to manually do this. If you have a small script to add to do this, would love to know it.
@janor123, The concept is similar, MACD using the EMAs and also applys another EMA on the difference between EMAs. I think Perry Kaufman was the first to come up with the SMA and 5, 35 parameter. I prefer SMA because i dont want to smooth the price data too much. But you might find better working concept or parameters. Experimentation is the mother of creation. :)