Momentum VMA KITKAT CROSS v2.1

*Update couple of fixes + installed full Kitkat.
Remove from Favorite Scripts Add to Favorite Scripts

//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 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
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out