OPEN-SOURCE SCRIPT

Custom 2nd Candle HMA

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Its a simple hull moving avg script which connects the 2nd candle of 47 min time frame and ignoring everything else. This is specifically for NIFTY only. Why 47 min?? it perfectly divides the day into 8 candles. Why 2nd candle?? this is my personal observation that it is the actual noise free candle in a day .

How to use it- plot it on 5 min chart or in 1 min chart ,use ur own moving avg on 5min chart and the crossover technique works fine.

Pernyataan Penyangkalan

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