The scope of this script is to measure momentum and strenght of EURO and DOLLAR using their indexes.
Forza (line) above 0 means EURO is stonger than DOLLAR
Momento (histogram) above 0 means EURO has a positive momentum against DOLLAR
The added value to see MACD and RSI directly on EURUSD chart is that indexes consider also other pairs so their RSI and MACD has a...
Hope you had a nice weekend and you're all excited for the week to come. At least I am (thanks to a few coffee but that still counts !!!)
This indicator is inspired from Dollar-Cost-Average-Cost-Basis
The educational post is coming a bit later this afternoon explaining how to use the indicator so I would advise to follow me...
Simple script to plot weekly data into your chart and as example how MTF works in pine script.
I use it for the 52 week high but you can choose other sources as well f.e. HL2 or close to reduce noise from wicks, also define your own length.
Its a simplified version of the script "Ultimate Moving Average Multi-Timeframes" by Chris Moody.
Ive removed the second MA, removed the change colors feature and added the option to change the line width of the indicator
Kal’s Multi-Time Frame On Balance Volume Haar, also known as Kal’s MTF OBV Haar is a method/study for finding trending volume levels on stocks, indexes and cryptocurrencies using OBV, CMF and CCI over different time-frames (10m, 1H, 4H, 1D, 1W, 1M).
Upon adding to the 10-min chart, the sample Image in Tradingview looks as follows: