SVIEW

This is momentum based indicator

Input
1. Two EMA
2. Stochastic

Thought process
1. Difference between fast and slow ema has a oscillating nature.
2. Stochastic %k %d crossover gives early signals
3. early entry gives low risk high reward setup

Calculation
1. A= EMA (fast) - EMA (slow)
2. B =Stochastic(%K)-Stochastic(%D)

When A is increasing and B is positive, bar is green
When A is decreasing and B is negative, bar is red
Else, bar is black

Use
This is an early entry signal system. When used with Channel trading system, it gives high probability, low risk high reward setups

Example
When price has breached below -2 Keltner channel, and impulse candle turns green, go long (or sell put options )
29 minutes ago
Release Notes:

This is combination of
1. Ema diff
2. stochastic
3. Keltner channel
4. Bollinger bands
5. bunch of EMAs

Thought process
1. Difference between fast and slow ema has a oscillating nature.
2. Stochastic %k %d crossover gives early signals
3. early entry gives low risk high reward setup

Calculation
1. A= EMA (fast) - EMA (slow)
2. B =Stochastic(%K)-Stochastic(%D)

When A is increasing and B is positive, bar is green
When A is decreasing and B is negative, bar is red
Else, bar is black

Use
This is an early entry signal system. When used with Channel trading system, it gives high probability, low risk high reward setups

Example
When price has breached below -2 Keltner channel, and impulse candle turns green, go long (or sell put options )

Informacje o Wersji:

Default layout simplified
Logic for bar color modified

Informacje o Wersji:

update in this version
1. for bar color, smooth stochastic used in place of stochastic
2. default layout made visually more simple