Five examples pictured, using five popular moving-average settings...ffsss wrote: Thu Jun 15, 2023 7:26 pm What is the difference between the two images? Does that indicator change the candles?
This advanced indicator takes a high-low channel of MA's and applies these MA filters to the color of the candles and generates signals based on that.
It's like Heiken Ashi, but on steroids and fully-customizable.
It has a complex array of filtered settings that you can spend hours discovering.
Random, popular settings pictured:
1) Least Squares MA, 14-period.
2) Hull MA, 7-period.
3) Jurik's Smoothing, 9-period.
4) Instantaneous Trendline by John Ehlers, 14-period.
5) Combination of LSMA and ILRS (IE/2 by Tillson), 2-period, which is what I use to match price-action as close as possible and to use its signals in confluence with a full indicator system.
6) Combination of LSMA and ILRS (IE/2 by Tillson), 2-period, with added MA's on the chart.
