TheBulltrader

Daily Delta Analysis

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Plotting with 50 and 200 simple moving averages
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// 4H Delta//Weekly Delta
// By TheBullTrader-Use Daily Time frame
// Trade Bullish when green is above red and Trade Short when green is below red
study(title="DDA-Daily Delta Analysis ",overlay = false, shorttitle="Daily Delta Analysis ")


D1 = sma(close-open,50)
D2=sma(close-open,200)

D3=ema(D1,50)
D4=ema(D2,200)


plot(D1,color=green)
plot(D2,color=red)
//plot(D3,color=green,style=histogram)
//plot(D4,color=red,style=histogram)
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