BRAHMA - Better Remodelled Adaptive Holistic Moving Average
โข๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐๐ต๐ฎ๐ฟ๐๐ถ๐๐ ๐๐ฅ๐๐๐ ๐ (Better Remodelled Adaptive Holistic Moving Average) is an exceptionally versatile Moving Average, that can adapt, expand and transform into a better Moving Average system that consists of BRAHMA bands and BRAHMA steps, both emanating from a singular plot based on the source price and the lookback length. The system also consists of BRAHMA cloud which is based on the source price, the lookback length, the step length and the cloud factor. In addition to using the source price directly, the indicator offers 15 different Moving Average types that can be used on the source price for BRAHMA system to adapt to, offering several possibilities to visualize and trade the price action.
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โข๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐๐ต๐ฎ๐ฟ๐๐ถ๐๐ ๐๐ฅ๐๐๐ ๐ ๐จ๐๐ฒ๐ฟ ๐ ๐ฎ๐ป๐๐ฎ๐น
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Like any other moving average system, the source price and the lookback length determines the dynamic of BRAHMA. Source price can be selected from Sแดแดสแดแด dropdown and the lookback length can be enetered in the Bสแดสแดแด Lแดษดษขแดส input box. MA แดสแดแด dropdown is used to choose the type of moving average for BRAHMA to adapt to. To use the source price directly, Use Source must be selected from the dropdown.
In addition to this usual requirement, Bสแดสแดแด Wษชแด แดส and Bสแดสแดแด Sแดแดแด Lแดษดษขแดส are required to make BRAHMA moving average system complete, based on risk and reward expectations of the user.
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BRAHMA Bands and Steps
The Bands and the Steps are integral part of the BRAHMA system. When the Bสแดสแดแด Wษชแด แดส and Bสแดสแดแด Sแดแดแด Lแดษดษขแดส values are 1, the bands and steps lie dormant inside BRAHMA and they emanate from the main plot as the values are increased.
Bสแดสแดแด Wษชแด แดส impacts the Bands Mean line + expands or contracts the bands and Bสแดสแดแด Sแดแดแด Lแดษดษขแดส transforms the dormant step system (on minimum value of 1) from inside the BRAHMA bands into a powerful step/block like structure that helps find support/resistance levels and displays Bull and Bear zones based on price action in relation to the BRAHMA bands and BRAHMA steps.
Dษชsแดสแดส Bสแดสแดแด Sแดแดแดs plots the steps
Dษชsแดสแดส Bสแดสแดแด Bแดษดแด s plots the bands
Enabling Cแดสแดแดส Bแดสs with Bands and Steps displayed will plot the Bull and Bear Zones on price bars and this dynamic is very different from the colouring of the bars based on the cloud as a standalone plot.
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BRAHMA Cloud
The cloud is a very useful part of this system and helps see the price action with the help of volatility of Bulls/Bears based on the lookback length, step length and the cloud factor. Price above or below the cloud helps visualize the strength of the trend along with the height/thickness of the cloud. Thinning of the cloud can signal reversals and can be used with another confirmator.
Cสแดแดแด Fแดแดแดแดส (1 - 10) affects the cloud dynamic and can be changed to suit personal risk strategy and trade frequency. Cloud sensitivity is also affected by the Bสแดสแดแด Lแดษดษขแดส. Cloud can be used on its own with really low lookback length (even length of 1 works well).
Dษชsแดสแดส Bสแดสแดแด Cสแดแดแด plots the cloud
Enabling Bสแดสแดแด Cแดสแดแดส Bแดสs with Cloud displayed as the only standalone component of the indicator will plot the Bull and Bear Zones and this dynamic is very different from the colouring of the bars based on the Bands and Steps on chart. When the price enters the cloud from below after or during a period of downtrend will start painting Bull colour and when the price enters the cloud from above after or during a period of uptrend will start painting Bear colour on the price bars.
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BRAHMA Colour Scheme
The colours of the plots and fills can be changed based on user preference from the indicator settings.
There are three Themes to choose from Bสแดสแดแด Cแดสแดแดส Bแดสs Tสแดแดแด (Simple, Chilli and Flame) dropdown to colour the price bars.
Enabling Bสแดสแดแด Cแดสแดแดส Bแดสs with Simple Theme colours the price bars based on Bull and Bear zones as explained in the sections above. Chilli and Flame themes colour the price bars with trend intensity for every bar based on the source price and lookback length.
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Alerts
Alerts can be created for Long and Short entries by using Once Per Bar Close as Alert Frequency. Entries are generated on Real time bars. It is recommended to wait for bar close before taking a position based on Trade Entries.
The indicator does not repaint and can be confidently used for alerts and trade entries without worrying about signals disappearing.
โขTradeChartist BRAHMA can also be connected to โขTradeChartist Plug and Trade using ๐๐ฅ๐๐๐ ๐ ๐ง๐ฟ๐ฒ๐ป๐ฑ ๐๐ฑ๐ฒ๐ป๐๐ถ๐ณ๐ถ๐ฒ๐ฟ as Oscillatory Signal to generate entries along with Targets, Stop Loss plots etc. Target and Stop Loss alerts can be created using Plug and Trade's Alerts system.
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Example Charts
1. The 15m chart below demonstrates how a Simple Moving Average can be transformed from a noisy pretty much untradeable MA plot to meaningful Moving Average Trade System using BRAHMA by adjusting the Width and the Step Length.
2. GBP-USD 1hr chart using 34 period Zero-Lag EMA with 21 width and 24 step length (24 hrs in a Daily candle - This helps choose length for HTF based levels)
3. NIFTY 1hr chart using 21 period TEMA (Triple Exponential MA) with 21 width and 24 step length.
4. XAU-USD Daily chart using 89 period TEMA with 24 width and 12 step length, enabling Chilli Theme based colour bars.
5. LINK-USDT 1hr chart using 21 period Hull MA with 24 width, 24 step length and cloud factor of 2 visualised using colour bars on cloud as standalone plot.
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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โข๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐๐ต๐ฎ๐ฟ๐๐ถ๐๐ ๐๐ฅ๐๐๐ ๐ ๐จ๐๐ฒ๐ฟ ๐ ๐ฎ๐ป๐๐ฎ๐น
=====================================
Like any other moving average system, the source price and the lookback length determines the dynamic of BRAHMA. Source price can be selected from Sแดแดสแดแด dropdown and the lookback length can be enetered in the Bสแดสแดแด Lแดษดษขแดส input box. MA แดสแดแด dropdown is used to choose the type of moving average for BRAHMA to adapt to. To use the source price directly, Use Source must be selected from the dropdown.
In addition to this usual requirement, Bสแดสแดแด Wษชแด แดส and Bสแดสแดแด Sแดแดแด Lแดษดษขแดส are required to make BRAHMA moving average system complete, based on risk and reward expectations of the user.
===================================================================================================================
BRAHMA Bands and Steps
The Bands and the Steps are integral part of the BRAHMA system. When the Bสแดสแดแด Wษชแด แดส and Bสแดสแดแด Sแดแดแด Lแดษดษขแดส values are 1, the bands and steps lie dormant inside BRAHMA and they emanate from the main plot as the values are increased.
Bสแดสแดแด Wษชแด แดส impacts the Bands Mean line + expands or contracts the bands and Bสแดสแดแด Sแดแดแด Lแดษดษขแดส transforms the dormant step system (on minimum value of 1) from inside the BRAHMA bands into a powerful step/block like structure that helps find support/resistance levels and displays Bull and Bear zones based on price action in relation to the BRAHMA bands and BRAHMA steps.
Dษชsแดสแดส Bสแดสแดแด Sแดแดแดs plots the steps
Dษชsแดสแดส Bสแดสแดแด Bแดษดแด s plots the bands
Enabling Cแดสแดแดส Bแดสs with Bands and Steps displayed will plot the Bull and Bear Zones on price bars and this dynamic is very different from the colouring of the bars based on the cloud as a standalone plot.
===================================================================================================================
BRAHMA Cloud
The cloud is a very useful part of this system and helps see the price action with the help of volatility of Bulls/Bears based on the lookback length, step length and the cloud factor. Price above or below the cloud helps visualize the strength of the trend along with the height/thickness of the cloud. Thinning of the cloud can signal reversals and can be used with another confirmator.
Cสแดแดแด Fแดแดแดแดส (1 - 10) affects the cloud dynamic and can be changed to suit personal risk strategy and trade frequency. Cloud sensitivity is also affected by the Bสแดสแดแด Lแดษดษขแดส. Cloud can be used on its own with really low lookback length (even length of 1 works well).
Dษชsแดสแดส Bสแดสแดแด Cสแดแดแด plots the cloud
Enabling Bสแดสแดแด Cแดสแดแดส Bแดสs with Cloud displayed as the only standalone component of the indicator will plot the Bull and Bear Zones and this dynamic is very different from the colouring of the bars based on the Bands and Steps on chart. When the price enters the cloud from below after or during a period of downtrend will start painting Bull colour and when the price enters the cloud from above after or during a period of uptrend will start painting Bear colour on the price bars.
===================================================================================================================
BRAHMA Colour Scheme
The colours of the plots and fills can be changed based on user preference from the indicator settings.
There are three Themes to choose from Bสแดสแดแด Cแดสแดแดส Bแดสs Tสแดแดแด (Simple, Chilli and Flame) dropdown to colour the price bars.
Enabling Bสแดสแดแด Cแดสแดแดส Bแดสs with Simple Theme colours the price bars based on Bull and Bear zones as explained in the sections above. Chilli and Flame themes colour the price bars with trend intensity for every bar based on the source price and lookback length.
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Alerts
Alerts can be created for Long and Short entries by using Once Per Bar Close as Alert Frequency. Entries are generated on Real time bars. It is recommended to wait for bar close before taking a position based on Trade Entries.
The indicator does not repaint and can be confidently used for alerts and trade entries without worrying about signals disappearing.
โขTradeChartist BRAHMA can also be connected to โขTradeChartist Plug and Trade using ๐๐ฅ๐๐๐ ๐ ๐ง๐ฟ๐ฒ๐ป๐ฑ ๐๐ฑ๐ฒ๐ป๐๐ถ๐ณ๐ถ๐ฒ๐ฟ as Oscillatory Signal to generate entries along with Targets, Stop Loss plots etc. Target and Stop Loss alerts can be created using Plug and Trade's Alerts system.
===================================================================================================================
Example Charts
1. The 15m chart below demonstrates how a Simple Moving Average can be transformed from a noisy pretty much untradeable MA plot to meaningful Moving Average Trade System using BRAHMA by adjusting the Width and the Step Length.
2. GBP-USD 1hr chart using 34 period Zero-Lag EMA with 21 width and 24 step length (24 hrs in a Daily candle - This helps choose length for HTF based levels)
3. NIFTY 1hr chart using 21 period TEMA (Triple Exponential MA) with 21 width and 24 step length.
4. XAU-USD Daily chart using 89 period TEMA with 24 width and 12 step length, enabling Chilli Theme based colour bars.
5. LINK-USDT 1hr chart using 21 period Hull MA with 24 width, 24 step length and cloud factor of 2 visualised using colour bars on cloud as standalone plot.
===================================================================================================================
Best Practice: Test with different settings first using Paper Trades before trading with real money
===================================================================================================================
This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
===================================================================================================================
Get in touch with me if you would like access to my Premium scripts for a trial before deciding on lifetime access.
Telegram - @Trade_Chartist
Free Scripts - bit.ly/Free-Scripts
Telegram - @Trade_Chartist
Free Scripts - bit.ly/Free-Scripts