PROTECTED SOURCE SCRIPT
Excessive Munehisa Signals 2
This script builds an EMA (Exponential Moving Average) on special price conditions using the following:
Averaged price if the current bar (c.=1/4(o.+c.+l.+c.)
Midpoint of the previous bar (o.=1/2(o. of prev. bar+ c. of prev. bar)
and
h.=max(h.,o.,c.)
l.=min(l.,o.,c.)
It gives alerts on price crossing the EMA (breakout/breakdown) and plots OUT and IN when the event occurs and the trigger is activated. Script works in real time.
It is used only in trending markets like bullish trends and/or bearish trends and never in flat. It can get very bad results so pay attention!
Feel free to test it and add comments.
I am open to answer any questions.
I would like to know what you think and how can we improve this study.
Thank you & enjoy!
Averaged price if the current bar (c.=1/4(o.+c.+l.+c.)
Midpoint of the previous bar (o.=1/2(o. of prev. bar+ c. of prev. bar)
and
h.=max(h.,o.,c.)
l.=min(l.,o.,c.)
It gives alerts on price crossing the EMA (breakout/breakdown) and plots OUT and IN when the event occurs and the trigger is activated. Script works in real time.
It is used only in trending markets like bullish trends and/or bearish trends and never in flat. It can get very bad results so pay attention!
Feel free to test it and add comments.
I am open to answer any questions.
I would like to know what you think and how can we improve this study.
Thank you & enjoy!
To define trading is to limit trading. Goldman Armi
excessivetrading.com t.me/excessivetraders
excessivetrading.com t.me/excessivetraders
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