Mayer Multiple Optimal Multi-Color Histogram [aamonkey]
Mayer Multiple developed by Trace Mayer gives the ratio of price to 200 daily moving average.
Buy when it's white sell when it's orange.
Is intended for use on day chart only.
This is an extension of the Mayer Multiple developed by Trace Mayer.
Normally you only have 2 thresholds signaling buying or selling (blue and yellow).
However, I added 2 more thresholds signaling optimized buys and sells (white and orange).
Buy when it's white sell when it's orange.
Is intended for use on day chart only.
This is an extension of the Mayer Multiple developed by Trace Mayer.
Normally you only have 2 thresholds signaling buying or selling (blue and yellow).
However, I added 2 more thresholds signaling optimized buys and sells (white and orange).
Versionshinweise:
Added green and red bars as possible buy and sell triggers.
Versionshinweise:
Picture update