Momentum VMA KITKAT CROSS v2.1

*Update couple of fixes + installed full Kitkat.
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//Momentum VMA KITKAT CROSS v2.1
//Vdubus_Channel http://www.vdubus.co.uk/
study(title = "Momentum VMA KITKAT CROSS v2.1", shorttitle="MVMA_KITKAT_CROSS_v2.1", overlay = true)
length = input(25, minval=1)
src = input(close, title="Source")
mvma = wma(2*wma(src, length/2)-wma(src, length), round(sqrt(length)))
plot(mvma, linewidth=2, offset=+1, color=blue, transp=0, title="MVMA 1")
length2 = input(21, minval=1)
src2 = input(close, title="Source")
mvma2 = wma(2*wma(src2, length2/2)-wma(src2, length2), round(sqrt(length2)))
plot(mvma2, linewidth=2, offset=+0, color=red, transp=0, title="MVMA 2")
source = close, length3 = input(9, minval=1)
Lead = wma(2*wma(source, length3/2)-wma(source, length3), round(sqrt(length3)))
plot(Lead, linewidth=3, offset=+0, color=black, transp=0, title=" Lead MVMA")

plot(cross(Lead,mvma2) ? mvma2 : na, style = cross, linewidth = 4, title="MVMA cross")

RST = input(title='KITKAT 1:', type=integer, defval=16)     //
RSTT = valuewhen(high >= highest(high, RST), high, 0)
RSTB = valuewhen(low <= lowest(low, RST), low, 0)
RT2 = plot(RSTT, color=RSTT != RSTT[1] ? na : red, linewidth=4, offset=+0, title="Resistance")
RB2 = plot(RSTB, color=RSTB != RSTB[1] ? na : green, linewidth=4, offset=0, title="Support")


RST2 = input(title='KITKAT 2:', type=integer, defval=16)     //
RSTT2 = valuewhen(high >= highest(high, RST2), high, 1)
RSTB2 = valuewhen(low <= lowest(low, RST2), low, 1)
RT22 = plot(RSTT2, color=RSTT2 != RSTT2[1] ? na : red, linewidth=9, offset=+0, title="Resistance")
RB22 = plot(RSTB2, color=RSTB2 != RSTB2[1] ? na : green, linewidth=9, offset=0, title="Support")


Related Ideas

It's nothing to do with KITKAT, it's just simply 3 Hull MA's of 9 21 25 . vdubs is doing a lot of misleading and repainting indicators, like on purpose.
+1 Reply
A very intelligent planned setup. very beautiful
how do i use this? when to sell, when to buy. i really need to make money now
+6 Reply
MarxBabu ebenezerloy
@ebenezerloy, Lot of False signal generated
Hey V - I'm fascinated by how this works: it's amazing. Don't want to bore you by asking how on earth you code something like this, but what's the essential thinking behind it? Many thanks.
vdubus PRO benedictwellstood
total fluke I was trying to re create this one because I didn't want to pay for it https://www.youtube.com/watch?v=DHrcYeVA9kE
Well, you did a fine job. Don't understand the maths of course but I get the principle. Clearly, when you look backwards, it indicates 90+% accuracy - live is different as I'm sure you know because some of the bars disappear/have disappeared when price doesn't quite work out. But, if you're canny, I've found waiting for it to establish on 5+mins, even if it's not for long, you can take a shorter trade if the P/A seems to be behaving... I love it. It give syou a great start on a position. Thank you.
+6 Reply
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