Centered around a Variable Moving Average. The Variable Moving Average (VMA) is a study that uses an Exponential Moving Average being able to automatically adjust its smoothing factor according to the market volatility. In addition to the VMA, the indicator displays breakouts in volume and when the Bollinger Bands are in a squeeze.
Dots = Microtrend Triangles = Breakouts in Volume X = Crossover of Moving Averages Shaded "Cloud" = Bollinger Bands Squeeze
Alerts can be set for Bearish and Bullish strength (Volume Breakouts), Crossovers, and when Squeezes have started and ended.
Catatan Rilis
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Made UX changes.
Catatan Rilis
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Added Murrey Math Lines Channel to indicator.
Catatan Rilis
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Fixed shape location and allowed user input to turn on/off Murrey lines
Catatan Rilis
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Refined Shape Offset
Catatan Rilis
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Added exhaustion levels; set default value for exhaustion levels to on; set default value for Murrey lines to off
Catatan Rilis
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Updated chart picture
Catatan Rilis
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Fixed spelling error
Catatan Rilis
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Tuned squeeze settings
Catatan Rilis
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Updated alert messages and code optimized
Catatan Rilis
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- Added Screener - Added diamond symbol to forecast squeeze direction (still confirmed by volume breakout arrow)
Catatan Rilis
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-Aesthetic changes
Catatan Rilis
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- Added VWAP weighted for volatility - Added ability to see squeezes on higher TF than chart - Changed normalized volume to show (bigger red/green triangles) whenever above 50 MA
Excellent indicator, I sent you 500 coins. I really love that clarity it provides. Is there any way to get a detailed breakdown of your chart indicators and how you use them in your daily trading?
Lies-Its-All-Weeds
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This is really nice and the trend tracer is also good! Damn I really want to take a look at the codes - will be a really good learning for a newbie coder like me.
Really hope we can turn off the triangles, the circles and barcolor. Thanks!
Lies-Its-All-Weeds
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@Lies-Its-All-Weeds, I see. I know now how it works. Thanks for the idea. It's 13!!!
s3raphic333
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@Lies-Its-All-Weeds, you are correct. It is a play on the 5, 9, 13 variable moving averages.
s3raphic333
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@Lies-Its-All-Weeds, I understand where you are coming from however, all of those signals mean something to the overall indicator and I choose to keep them static. My goal is to make a script that is easily understood. Thank you for the nice comments!
JoshExile82
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This is awesome! How do you set the alerts for bearish and bullish strength? And can you explain the purpose of the bollinger bands squeeze? Is that typical considered an area to buy? You make some really nice indicators. Keep up the amazing work!
s3raphic333
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@JoshExile82, in the top left of the chart where the indicator name is, click on the three dots and then click "add alert". The purpose of the Bollinger bands squeeze is to highlight areas of a pending high volatility move. It is usually confirmed by a volume breakout signal (triangle). I would not buy while it is in a squeeze because there is no definite way of predicting which way the squeeze will break out in. However, you can use the other signals in the script to help predict which way it will break...either up or down based on dots, volume breakouts, bar color, above/below/color (of) variable moving average line.
JoshExile82
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@s3raphic333, Thank you so much for all the help. Been using this indicator all day while trading ES and it's been very useful and helps eliminate a lot of other indicators. Now, quick question. The default is 3 timeframes. The time frame you're currently using, in my case 10 minutes, then I have 15 min time frame and 30 minute time. And in the settings it's the default 3. So what happens if you enter 4 timeframes and change the default 4? Does that produce more accurate trend / information? For example, since I have a daily draw down of $5000 for my trading account I tend to scalp. Usually anything over $12 to $100 dollars off a NQ or ES move. Are those time frames I chose probably the best or should I utilize longer time frame? Regardless, a gem of an indicator. Thank you!
s3raphic333
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@JoshExile82, You're speaking of a different indicator called "Tracert Trend". You can add as many timeframes as you'd like however, make sure you adjust all of the settings to account for it.
JoshExile82
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@s3raphic333, Thank you. Have you found having 3 performs better than 4 or 5 time frames?