OPEN-SOURCE SCRIPT
[THETA] Tema Hema Evwma Trade Action

THETA
Is an Intraday Strategy Indicator, To be used over 1 minute chart and in conjunction with built in pine indicator Pivot Point Standard, {Fibonacci One}
I came across this Strategy Indicator while reading through the Forex Trading Journals, and thought of sharing you guys
The Indicator Comprises of amalgamation of
TEMA : Triple Exponential Moving Average
HMA : Hulls Moving Average
EVWMA and EMA: Elastic Volume weighted Moving Average and Exponential Moving Average
Filter Action by Rajandran R Supertrend
So
Theta = ( tema(src, length) + hma(src, length) + ema(src, length) + evwma(src, length) )/4
The lengths in use are: 8,21,34,55,89,144,233,610
How to Use
Use on 1 min chart for best results
UsE in Conjuction with Fibonacci Pivot Points, (.which is present in option of built in pine indicator : Pivot Point Standard )
Provision For Alert
Long theta Signal
Short theta Signal
Is an Intraday Strategy Indicator, To be used over 1 minute chart and in conjunction with built in pine indicator Pivot Point Standard, {Fibonacci One}
I came across this Strategy Indicator while reading through the Forex Trading Journals, and thought of sharing you guys
The Indicator Comprises of amalgamation of
TEMA : Triple Exponential Moving Average
HMA : Hulls Moving Average
EVWMA and EMA: Elastic Volume weighted Moving Average and Exponential Moving Average
Filter Action by Rajandran R Supertrend
So
Theta = ( tema(src, length) + hma(src, length) + ema(src, length) + evwma(src, length) )/4
The lengths in use are: 8,21,34,55,89,144,233,610
How to Use
Use on 1 min chart for best results
UsE in Conjuction with Fibonacci Pivot Points, (.which is present in option of built in pine indicator : Pivot Point Standard )
Provision For Alert
Long theta Signal
Short theta Signal
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Get Ocs Ai Trader, Your personal Ai Trade Assistant here
→ ocstrader.com
About me
AlgoTrading Certification, ( University of Oxford, Säid Business School )
PGP Research Analysis, ( NISM, SEBI )
Electronics Engineer
→ ocstrader.com
About me
AlgoTrading Certification, ( University of Oxford, Säid Business School )
PGP Research Analysis, ( NISM, SEBI )
Electronics Engineer
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Get Ocs Ai Trader, Your personal Ai Trade Assistant here
→ ocstrader.com
About me
AlgoTrading Certification, ( University of Oxford, Säid Business School )
PGP Research Analysis, ( NISM, SEBI )
Electronics Engineer
→ ocstrader.com
About me
AlgoTrading Certification, ( University of Oxford, Säid Business School )
PGP Research Analysis, ( NISM, SEBI )
Electronics Engineer
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.