Re: Rijay's System of Moving Averages

191
The indicator looks back over a user-defined period (defaulting to 14 days), calculates the true percentage movement for each of those days relative to their previous close, averages them out, and uses that dynamically calculating percentage to draw your levels.

Re: Rijay's System of Moving Averages

192
Daily EMA Strategy Settings ---" which lets you toggle this new logic on and off, as well as customize the EMA period (defaulted to 20). The indicator will now fetch the exact Daily 20 EMA, sync it with the timeframe you are viewing, and plot "Buy" or "Sell" strictly when the conditions cross your specified thresholds.
These users thanked the author rijay for the post:
ashdays

Re: Rijay's System of Moving Averages

193
EMA squeeze --

Its primary purpose is to identify periods of low market volatility—often referred to as a "squeeze"—by monitoring the convergence of two Exponential Moving Averages (EMAs) across three specific timeframes: M15, H1, and H4

The indicator operates by calculating the distance between a fast EMA (default 13) and a slow EMA (default 50) and comparing that distance against a user-defined threshold. If the distance between the two EMAs is less than or equal to this threshold, the market is considered to be in a "squeeze" state.

Dashboard: The indicator displays a real-time status monitor on your chart (can be toggled off). This panel shows the current distance between the EMAs, the defined limit, and the status ("SQUEEZE" or "NORMAL") for all three timeframes

Re: Rijay's System of Moving Averages

197
Option to add any timeframe and any exponential moving average period as filter

Filtering Logic: * In this indicator, strong bullish candles are LimeGreen and strong bearish candles are Crimson/Red .
  • When Price is above EMA: Crimson (Red) candles are colored DarkGray
  • When Price is below EMA: LimeGreen (Blue/Green) candles are colored DarkGray
These users thanked the author rijay for the post (total 3):
Jimmy, Cagliostro, ashdays