OPEN-SOURCE SCRIPT
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Price movement indicator

This indicator shows us if the price is moving up or down based on the ratio of current price vs previous bar.
If this ratio is above 1 then this indicates that the price is increasing, while if the ratio is below 1 the price is decreasing.


HOW TO USE:
Set the desired EMA length, number of previous bars to compare with and offset.

Markets:
It can be used to all markets.
Catatan Rilis
  • [* Potential LONG and SHORt entries (green and red circles)]
    [* Signal line (blue)]
Catatan Rilis
- Potential SHORT and LONG entries
SHORT = red circle
LONG = green circle
- Signal line (blue)
Catatan Rilis
Removed unnecessary plots and variables.
Catatan Rilis

HMA added to bring more smoothness
Catatan Rilis
HMA Offset added
Catatan Rilis
Entry points are clear now.
Green - LONG
Red - SHORT
Catatan Rilis
Added SMA length for pricecomparison n-bars back
EMA set to 100
Offset set to 25
Catatan Rilis
Minor bug fixed
Catatan Rilis
Chart error fixed

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