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Zex-Indicator
July 10, 2020, 3:43 PM
Indicators
6 Comments
Zex-Indicator is made for low TF’s and very suitable for scalping.
For example use a 5 min TF as leading TF and scalp with a 3 or 4 min TF.
///Zigo 10/07/2020
a=SMI[12,6,5](close)
b=triangularaverage[5](a)
zex=1.682*(a-b)
T= time/10
if zex crosses over 0 then
DRAWTEXT("time#t#", barindex, -25, dialog, standard, 15)coloured(0,125,175,255)
elsif zex crosses under 0 then
DRAWTEXT("time#t#", barindex, +25, dialog, standard, 15)coloured(255,25,75,255)
endif
Return a as "BasicLine", b as"CrossLine",zex as "Histogram"
Download
Filename:
Zex-indicator.itf
Downloads:
841
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Comments
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6 years ago
Hello Zigo can you turn into an automatic strategy?
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Hey @Zigo thanks for this indicator. May I ask what the multiplier 1.682 is derived from? I tried changing it to 1.618 (golden ratio) and the results are identical.