i would like a histogram style indicator that is based on the moving average and Waddah Attar Explosion Indicators.
the default setting for the MA will be
but the parameters will be renamed
period=speed
shift=noise-filter
no settings for other 2
the WAE settings will be default
and these parameters will be renamed
sensitive= Accuracy
the others do not need parameters.
the indicator will also use the ATR with default setting of 14
the indicator will display bellow the chart as a histogram, here is a mockup of how it would look
heres how it would work
any time price crosses the moving average
(a cross is when price either opens on one side and closes on the other(B,C,D,E), OR when price opens and closes on one side, then open and closes on the other side.(A)
if the WAE matches the cross color and is above the line
AND price has not closed more than 1x atr from the moving average
Print a bright color bar matching the Dir of the trade,
any time price is above or bellow the ma but not crossing,
OR if price is crossing but the WAE or atr does not allow a bright color bar
print a dull colored bar matching the direction
in the bottom left a button to open up text fields to change the settings of the 3 parameters, like you did for my DPO
on the right side a large block of text that tells you the signals,
bright green : ENTER LONG
bright red: ENTER SHORT
dull green: IN UPTREND
dull red: IN DOWNTREND
prev bar was any green, new bar bright red :EXIT LONG, ENTER SHORT
prev bar was any red, new bar bright green :EXIT SHORT, ENTER LONG
here is an example of it without the underlying support indicators showing (i dont want the ma and the wae to be visible, it should look like the following
let me know if you have any questions
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