THIS IS A COMBINATION OF TWO HULL MOVING AVERAGE LINES -ONE WITH LONGER PERIOD -OTHER WITH SHORTER PERIOD TO INDICATE BUY/SELL SIGNALS AS THE KNOWN GENERAL RULE; IT WOULD BE A BUY SIGNAL WHEN SHORTER(BLUE LINE) HULL CROSSES ABOVE LONGER (RED LINE) ONE AND CONVERSELY A SELL SIGNAL WHEN LONGER HULL CROSSES ABOVE SHORTER ONE THIS STUFF IS USEFUL FOR USERS...
Calculated with a default value of 14 periods of EMA and 14 periods of Average True Range ( SMA ) There are 4 levels of upper bands and 4 levels of lower bands in the indicator its calculated adding and subtracting ATR( SMA ) values with coefficients 1, 1.618, 2.618 and 4.236 (Fibonacci ratios) to EMA of close prices. Top and Bottom Fibo lines are aceepted as...
AWESOME OSCILLATOR V2 by KIVANC @fr3762 CONVERTING THE OSCILLATOR to a curved line and added a 7 period SMA as a signal line, crosses are BUY or SELL signals like in MACD Buy: when AO line crosses above signal line Sell: when Signal line crosses above AO line