Mini Line Chart show a small line chart beside the main chart. Detail of Mini Line chart as below: 1.Line chart adjustable: - Size: number of bar to show as line chart - Source: Open/ High/ Low/ Close/ HL2/ HLC3/ OHLC4 - Color 2.Rainbow Moving average adjustable: - Type: SMA/EMA - Period: Period of 1st MA - Source: Open/ High/ Low/ Close/ HL2/ HLC3/ OHLC4 - Displacement: Period of moving avarage for 2nd MA to 7th MA - 7 Color 3.Key Level - Key Level is Line value when Line crossed Rainbow Moving Average - Direction Up when Line cross over Rainbow Moving Average - Direction Down when Line cross under Rainbow Moving Average - Direction Not Defined when Line cross inside Rainbow Moving Average 4.Key Line - Key Line ploted by Key Level at the main chart - Width and color of Key Line adjutable. 5.Key Bar - Key Bar is the Time when Line crossed Rainbow Moving Average - Key Bar Up when Line cross over Rainbow Moving Average - Key Bar Down when Line cross under Rainbow Moving Average - Color of Key Bar Up and Down adjutable 6.Detail Panel - Background color & Style of Label adjutable - Size & color of Text adjutable - Location of Label adjutable by X offset & Y offset 7.Alert - Alert will send "Key Level" to email or app when Line and Rainbow make a new cross. 8.Trading - Consider to open position when Price pullback near to "Key Line" then breakout "Key Bar" - Consider to stay out when Price pullback to "Key Line" then breakout "Key Line". - Consider to close position or trailing stoploss when Line and Rainbow make a new cross. - Stoploss, Stop Order may be place at High or Low of Key Bar. - Take profit may be place at nearest Key Line in the past - Trailing Stop may be move with Key Line.
Thank you for posting. I am really liking this indicator! Appears to be a bug on the 7th moving average. When changing that color it does not take on the 7th MA but rather the 6th MA appears to be adopting the 7th color and % shading. Would it be possible to fix this? Thank you again.
inno14
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@wandafaye2112, Thank you for your comment. This bug is fixed.
las3letters
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Great tools for scalpin and catching the wicks, good stuff man, cheers!