I like this indicator a lot and trying to make it to a scalping Strategy.
I can.t program it to a strategy or even as an indicator to plot something i can use as a strategy entry.
Can somebody please use it and create a Strategy for scalping with 2-3 ticks target and a stop please ?
Or just an indicator that when i adress the plot from the strategy wizard i can use it as a trigger.
Triple Exponential Moving Average with the angular slope calculated for each Bar.
Display of angle maybe turned on/ off in Dialogue Box.
I have calculated the slope using only the values at the current and last Bars, not the Current Bar and the average of the last 2 bars as many indicators do.
Moving Average Group Interactive Convergence (MAGIC)
I wrote this for VIP Members Only.
I noticed several members using multiple moving averages and looking for convergence between them. So, I wrote this indicator to combine up to six moving averages into a single display.
- Six moving averages in one
- Independently select Moving Average length, type, and use of Double*
- Scoring model: If >= 3 of 6 rising = Up, if >= 3 of 6 falling = Down, otherwise Neutral
* Double means extra smoothing by double-averaging the MA
The selectable MA types are: SMA, EMA, HMA, VMA, EhlersFilter, ADXVMA, ZeroLagEMA and JMA.
Attached are a few screen shots (MAGIC is the bottom panel). I was in a bit of a hurry so I didn't make the MA's an enum drop-down but it gets the job done. Also haven't done a lot of testing so let me know if bugs...