Underworld Hunter + Base Zone is designed to keep traders out of ranging markets by establishing a "dead zone" between the bands where price may be choppy or trends may be short lived. The original Underworld Hunter from @greenmask9 adapted Bollinger Bands by changing the basis from SMA to the EMA of the EMA of the EMA. This version now allows the user to select which moving average they would like to utilize for the calculation.
If price is outside of the upper bands, price may be bullish. If price is outside the lower bands, price may be bearish. If price is within the green or red areas of the bands, a trend may be forming.
The system also plots when RSI has become over extended above the thresholds selected (70/20 is the default).
MA Period is the length/period the moving average is calculated with MA Mode is the type of moving average that will be utilized in the basis calculation The "Standard MA Calculation" Option changes the basis to calculate the moving average selected in MA Mode only once, instead of 3 times Deviation 1 and Deviation 2 determine how far the dead zone bands will be from the basis RSI Period is the length/period the RSI function is calculated with RSI Extended - High Cutoff is the level RSI must reach to be marked as over extended. Most traders refer to this zone as "Overbought" RSI Extended - Low Cutoff is the level RSI must reach to be marked as over extended. Most traders refer to this zone as "Oversold"
As many NNFx traders know, overbought and oversold essentially do not exist, though the zones can still be utilized
The remaining options are utilized for specific moving average calculations and are set to what is typically considered as "standard" for their values.
There are many options available for this code. The code has not been optimized but merely compiled. Settings should be adjusted for the instrument(s) you are trading.
Really Nice and Wonderful ,I really appreciate your hardwork. God Bless You...!
belle88
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Nice Indi, does not seem to work on crypto unfortunately
StephXAGs
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@belle88, I don't trade much crypto so I can't say how it would or wouldn't work on it. Not sure if you've played around with the settings, but the defaults haven't been tuned to any specific instrument. You may wish to select the option where only the standard MA is calculated or change the lengths and such.
farenjit
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thank youuu :)
Tom1trader
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Play with idea of mining minerals. Actually take a hike out in open once a decade or so. Wonderful collection of gold nuggets here. Thank you kindly and Keep Smiling!