Working great on higher timeframes! Best is to check performance for certain timeframe and then trade on the signals, so far 4H-24H range works best. 9H had best performance on MAIDBTC, but seems lower Timeframes doing well too on BTCUSD. Just check under performance and try it out! :)
Copyright by RJ 3/2018
Should be used with lower timeframe and higher timeframe charts
First set your chart to the lower timeframe you'd like to analyze
For this method, low timeframe/high suitable timeframe pairs are:
5min with 30min parent
15min with 1hr parent
Triple moving average with customizable MA lengths, MA types (SMA (default), EMA, WMA).
Show 3 MA disables the default plots.
Show 6 plots 3 SMA (default) and 3 EMA. The EMA plots are light colors to be subtle and non-cluttering. Disabled by default. These plots act independent of other options.
Toggle 3/2 will display 3 MAs (default) or 2 MAs (unchecked).
Introducing VRMI in this script, an RMI based on price movement and volume, to indicate bullish and bearish trends.
This script marks the background depending on RMI <> VRMI , VRMI polarity and large buy/sell sprees.
Based on 'The Relative Momentum Index' by Roger Altman : February, 1993 issue of Technical Analysis of Stocks &...
Set up to 3 SMA and 3 EMA. Thus, a total of 6 moving averages if you really like. This is a great means by which to easily identify which moving average setup is constantly being tested.
Change the lengths of each moving average.
Change styling of each moving average.