The Beardicator
Beta version to be improved upon.
//Bearmarket modified FibMA using Ruby Trading System //Original code by Lonestar108 study(title="Moving Average Convergence Divergence Study", shorttitle="Beardication", overlay=false) ema1 = close, len = input(8, minval=1, title="Length") out1 = ema(ema1, len) ema2 = close, len2 = input(13, minval=1, title="Length") out2 = ema(ema2, len2) ema3 = close, len3 = input(32, minval=1, title="Length") out3 = ema(ema3, len3) ema4 = close, len4 = input(41, minval=1, title="Length") out4 = ema(ema4, len4) ema5 = close, len5 = input(96, minval=1, title="Length") out5 = ema(ema5, len5) ema6 = close, len6 = input(243, minval=1, title="Length") out6 = ema(ema6, len6) //ema7 = close, len7 = input(165, minval=1, title="Length") //out7 = ema(ema7, len7) //ema8 = close, len8 = input(267, minval=1, title="Length") //out8 = ema(ema8, len8) //plot((out7-out8)/2, title="EMA", color=#6DE807, style=line, linewidth=2,transp=65) //plot((out6-out7)/2, title="EMA", color=#33FFFB, style=line, linewidth=2,transp=65) plot((out5-out6)/2, title="EMA", color=#20C1FF, style=line, linewidth=2,transp=65) plot((out4-out5)/2, title="EMA", color=#640CE8, style=line, linewidth=2,transp=65) plot((out3-out4)/2, title="EMA", color=#FF0000, style=line, linewidth=2,transp=65) plot((out2-out3)/2, title="EMA", color=#E8910C, style=line, linewidth=2,transp=65) plot((out1-out2)/2, title="EMA", color=#E87470, style=line, linewidth=2, transp=65) // // // E87470 // AF8BFF