1. EMA moving average (five in total) 2. SMA moving average (five in total) 3. deduction price 4. EMA/SMA cross prompt: EMA 12//26 cross, or MA14/MA28 cross 5. EMA/SMA parallel prompt: prompt when EMA 12/26/52 is in parallel, or prompt when MA14/MA28/MA 60 is in parallel
Why use EMA 12/26 cross prompt, and MA14/MA28 cross prompt? Because I backtested BTC based on the winning rate of EMA and MA crossover, its winning rate is higher.
Why use parallel prompt?
Because after the moving averages cross, they will start to be in parallel mode. If you don't see the moving averages be in parallel, it will be a warning sign.
2. Super Trend:
Super Trend is used to assist in judging the current trend.
3. BB Bollinger Bands:
Use the size of the opening to judge whether the major trend is coming.
How to use this indicator? (see chart)
1. Choose EMA or MA, or mix them at the same time 2. Use the Bollinger Bands to find the potential big trend is coming 3. Confirm the trend with Supertrend 4. Use moving averages to confirm crossover and long or short moving average parallel signals 5. The deduction price is used to judge whether the moving average continues to go up or down
Why to do this, why mix them?
1. When the opening of the Bollinger band is very small, it means that the trend is coming 2. Supertrend can help us confirm whether it is an upward or downward trend 3. The crossing and parallel of moving averages can be used as entry trading signals 4. The deduction price is used to judge whether the moving average continues to go up or down
This's why there is a mix of Moving average, Supertrend and BB.
I added english instructions to this indicator. Because I got some feedback for the languages problems. So I hope this can help english users to better use this indicator.
Release Notes
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Fixed some bugs for the deduction balls' position.
Hi eason very good indicator you build can you create one more same in pure English pop-up Thank you
PIYUSHCHAVDA
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Hello Eason, I was looking for a good EMA + Supertrend + BB indicator and found your one very interesting and am using it now. I have one tiny query and feedback to share about the Chinese instructions language. If you can help convert those words to English language and make it way simpler to read, it will be very helpful. Thank you and looking forward to your positive revert. God Bless.
eason13419
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@Pleasantpartner, Thanks for your feedback. I'm really glad someone use my indicator, it's encouraging. I give those Chinese words to Chinese users. Because I'm a Taiwanese. There's no difference between English and Chinese version, they're saying the same thing. What those Chinese words say is what those english words say.
Thanks.
eason13419
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@Pleasantpartner, Already added the english part and updated it, hope you like it!
PIYUSHCHAVDA
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@eason13419, Greetings to you Eason. Have a great day and week ahead.
Can you please guide on where is the option to the change you made for Chinese words to English words ? I am unable to find the way to modify the Chinese words to English wordings. Thank you. God Bless.
PIYUSHCHAVDA
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@eason13419, I have a request for you to provide option or probably change the Chinese Words to English Words for each settings related to EMA, SMA, Deduction Prices...., Crossovers, Parallels, Bollinger Bands. It will be of great help not just for me but for all those who will use your good indicator for proper understanding of those words when taking trades. Thank you. God Bless.
eason13419
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@Pleasantpartner, Hi,
Do you mean you want me to change this indicator to full English version? I already added English in settings in the last version. You can check the indicator now. I still have Chinese words in brackets, it's because almost my followers are Asian people. Thanks for your feedback.
PIYUSHCHAVDA
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@eason13419, Thank you so much for your prompt reply Eason. Yes you got it right. If you can probably include all words in English version along with Chinese version words, will be very very helpful to understand the signals much clearly. Frankly speaking the English Version Words are not yet fully visible. I am not able to send any screenshots to help you with better clarity over the chat, else it would have got easier.
Would I need to remove the indicator and add it again to see the changes, please guide. Thank you.
eason13419
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@Pleasantpartner,
Yes yes, no wonder you don't see the changes. After the indicator got updated, you should remove the old one and add the new version. If you still have problems, let me know. Thanks.