--- CONCEPT - HOW IT WORKS ---
This script is based on moving average crossing lines (mirrored) with a signal line.
--- WHAT IS DIFFERENT FROM OTHER MA SCRIPTS ---
It's different in the formula for calculating the moving averages. Furthermore the length of the moving averages is deliberately not modifiable by user to avoid confusion in the beginner.
--- WHAT IS IT FOR? ---
It's a trend following script. I needed a script to catch signals for medium term trading (5-20 days) on > H4 TF with smooth lines but pretty quick signal, possibly easy to manage and "plug and play" for Forex market.
--- HOW TO USE IT? ---
Simply you have buy or sell signal looking at crossing lines. Signal line could be used to catch retracements.
--- WHERE SHOULD I USE IT? ---
At the moment I tested it only on Forex market with good results on H4 timeframe. Backtest it by yourself before using it.
Hope I can help someone else to have better trading time. Feel free to comment if you have questions.
This script is based on moving average crossing lines (mirrored) with a signal line.
--- WHAT IS DIFFERENT FROM OTHER MA SCRIPTS ---
It's different in the formula for calculating the moving averages. Furthermore the length of the moving averages is deliberately not modifiable by user to avoid confusion in the beginner.
--- WHAT IS IT FOR? ---
It's a trend following script. I needed a script to catch signals for medium term trading (5-20 days) on > H4 TF with smooth lines but pretty quick signal, possibly easy to manage and "plug and play" for Forex market.
--- HOW TO USE IT? ---
Simply you have buy or sell signal looking at crossing lines. Signal line could be used to catch retracements.
--- WHERE SHOULD I USE IT? ---
At the moment I tested it only on Forex market with good results on H4 timeframe. Backtest it by yourself before using it.
Hope I can help someone else to have better trading time. Feel free to comment if you have questions.