Indicator: Kaufman AMA Binary Wave
It’s pretty simple: 1 = buy, -1 = sell, 0 = neutral. You can experiment with the filter percentage and period to suit your taste. IMO, this is a good confirmation indicator.
I have also added an option to highlight the potential buy/sell areas.
[Update: April 2014]
Updated script to work around the recent TV engine changes: pastebin.com/aUkLWDaw
I have also added an option to highlight the potential buy/sell areas.
[Update: April 2014]
Updated script to work around the recent TV engine changes: pastebin.com/aUkLWDaw
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.