Indicator For Area Between Two Moving Averages

October 5th, 2009, 11:22 PM

I thought I would bring this thread back from the dead...
I have been playing around with Sharky's shark band idea of buying breakouts from a support/resistance "zone" or area but I wanted some way to account for volatility... so... take Mikes VMA zones and add multiple overlapping instances. Kinda neat and it works to eliminate some of the whipsaw. Give it a try.

...or you could add the slingshot like in the video to it for direction (and color...hehe).

links to indicators -
slingshot
vmazones

October 6th, 2009, 11:02 AM

What inputs are you using for the slingshot indicator and what paint bar study are you using in the 2nd graph?

October 6th, 2009, 01:59 PM

Quoting

...or you could add the slingshot like in the video to it for direction (and color...hehe).

That is one gorgeous chart. Let's call it the Megan Fox of charts....

October 6th, 2009, 02:45 PM

topstep

What inputs are you using for the slingshot indicator and what paint bar study are you using in the 2nd graph?

same as the video 38/62 ema. But you can use whatever you like...

paintbars are one of mine but there are dozens on this site similar. Try one of the ema slope based ones

What generate the white indications in panel one?

zigzag indicator from downloads section...

October 6th, 2009, 04:49 PM

they repaint... or really they just show up after a few bars - they have to calculate by whatever rules you are using such as highest high in 5 bars etc. The only way to "know" and calculate this is to travel 5 bars and then look back.....make sense? BTW - real time would be "da bomb" also know as "crystal ball". But that indicator does not exist...

later

Indicator For Area Between Two Moving Averages

Discussion in Traders Hideout

Indicator For Area Between Two Moving Averages