This script (idea) is intended for intraday use--Specifically 5 min bars/candles.
It essentially tells you the support if a stock is bullish or the resistance if a stock is bearish.
If you buy or sell around/in the cloud, you are ensured to be getting (around)VWAP price.
A Simple EMA crossover strategy for intraday traders.
A Buy signal is triggered when a green arrow is followed by a blue arrow.
A Sell signal is triggered when a red arrow is followed by a purple arrow.
To remove false positives, combine this with other indicators.
This indicator is based on "Generic 8x MA Plotter", by @LazyBear.
It is also based on my own indicator "10x MA (H, D, W, M)", which is good for Swing Trading and/or Position.
This one is focused in daytrade and it will plot three Moving Averages based on current time interval (under 5 minutes) and nine based on chosen periods by 5, 15, 30 and 60 minutes. You will...