This post is about a trading system that combine 2 indicators, the configuration of the indicators are explained below (to be like the screenshot). I also add a PDF that explain how to get the same look and feel than me, for every line and for color zones too.
Configuration
Hide maximum, minimum, maximum1, minimum1
Trader: Green Bullish, Red Bear
BBsignal: Green Bullish, Red Bass Player
Add 3 color zones are added:
Indicator based on supports and resistances that is combined with “Volume” waves osc:
//Definimos trader
p= Average[8]
maximo=highest[150](p)
minimo=lowest[150](p)
maximo1=highest[50](p)
minimo1=lowest[50](p)
BB = ExponentialAverage[12]((close))
BBsignal = ExponentialAverage[12](BB)
Trader = bb + 1*STD[8](BBsignal)
return trader as "trader",BBsignal as "BBsignal", maximo as "maximo",minimo as "minimo",maximo1 as "maximo1",minimo1 as "minimo1"
“Volume” waves oscillator. Synchronize the entry with the price change in the supports giving the entry:
//RB@72 @
//Oscilador de Volumen "Volume" waves oscillator
cero=0
Onda = Weightedaverage [150] (close)
Wave= ((close/Onda)-1)*100
return Wave*10 as "Vol-Ex",cero coloured (0, 0, 0) as "cero"