First of all, I would like to thank 2 persons.That is SH
(TradeWithHunter) for getting idea and Linkon7 for guppy
moving averages.
In sharekhan's tradetiger maximum 8 indicators can be plotted.
However using double average 2 averages can be plotted ,but
it is considered as ONE indicator.That means a total 16 averages
can be plotted.
I have plotted 6 pairs emaS ,Bollinger Band and another ema.
The pair of emaS are ema15-ema3,14-4,13-5,12-6,11-7,10-8
and ema9.
EMA15,ema3 and ema9 are in white colour.
EMAs below 9 are in BLUE colour and above it are in RED colour.
This will give rise to 2 distinct colour ema strips.
The blue coloured ema strip is very sensitive to price flucations
since they lower order emaS(3~8).
On the other hand ,we have another coloured ema strip RED,which
is quite insensitive ,relatively.Red band stays closer to centre of BB and
blue band changes position as per the price movement.
Hence in case of Upward movement BLUE colour will in TOP band of
BB and in case of fall ,blue strip will be closer to LOWER BB.
In case when BB is relatively is horizontal with small width and
ema strip is narrow ,it indicates QUITE period.
Break-outs can be found easily with this method.
I used ema-9 as transition ema, just because NINE is the highest
single digit.
On 5-min frame same graph look like this !
Hats off to Bollinger !!!!
(TradeWithHunter) for getting idea and Linkon7 for guppy
moving averages.
In sharekhan's tradetiger maximum 8 indicators can be plotted.
However using double average 2 averages can be plotted ,but
it is considered as ONE indicator.That means a total 16 averages
can be plotted.
I have plotted 6 pairs emaS ,Bollinger Band and another ema.
The pair of emaS are ema15-ema3,14-4,13-5,12-6,11-7,10-8
and ema9.
EMA15,ema3 and ema9 are in white colour.
EMAs below 9 are in BLUE colour and above it are in RED colour.
This will give rise to 2 distinct colour ema strips.
The blue coloured ema strip is very sensitive to price flucations
since they lower order emaS(3~8).
On the other hand ,we have another coloured ema strip RED,which
is quite insensitive ,relatively.Red band stays closer to centre of BB and
blue band changes position as per the price movement.
Hence in case of Upward movement BLUE colour will in TOP band of
BB and in case of fall ,blue strip will be closer to LOWER BB.
In case when BB is relatively is horizontal with small width and
ema strip is narrow ,it indicates QUITE period.
Break-outs can be found easily with this method.
I used ema-9 as transition ema, just because NINE is the highest
single digit.
On 5-min frame same graph look like this !
Hats off to Bollinger !!!!
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