Stolen from Madrid Moving Average Ribbon : 2.0 : MMAR - Respect!
Adapted for 4H 5 most optimal EMAs
This plots a moving average ribbon, please use the exponential not the standard.
It is based on a constant calculation of the most profitable EMAs to trade on the 4H time frame for Bitcoin!
Thus the values will be...
Primarily for equities as no provision has been made to control the timing at which the open close high low are determined, indeed, I see no straightforward mechanism to do so in Pinescript.
Development aided by: , but with the entirely different calculations presented in "Secrets of a Pivot Boss" by Franklin Ochoa. And...
Forecasting is a blurry science that deal with lot of uncertainty. Most of the time forecasting is made with the assumption that past values can be used to forecast a time series, the accuracy of the forecast depend on the type of time series, the pre-processing applied to it, the forecast model and the parameters of the model.
In tradingview we...
This is the updated version of the previous scripts.
I use this on 4H timeframe or 1Day timeframe only.
I buy when any of the indicators show a green up arrow.
I close my buy when any of the indicators show a red down arrow.
This script paints outside and inside candles (orange), highwave candles (purple, and morning and evening star patterns (red). You should use hollow candle sticks with this script. I use it to find change in trends or where indecision is present.