[HuD] BBMA OA

10 lug 2021

BBMA OA is a trading technique and strategy invented by Technical Analysis guru, Mr Oma Ally.

It consists of :

1. WMA 5 High
2. WMA 10 High
3. WMA 5 Low
4. WMA 10 Low
5. Bollinger Band ( Standard Setting )
6. EMA 50 ( Purple Line )
7. SMA200 ( Red Line )

There are many rules for entry, Take Profit (TP) and reentry etc from this technique.
For the introduction, I start with basic info first before proceeding to the next stage ( info & coding ).

Upper band WMA = Green color when ( WMA5 High > WMA10 High )
Lower band WMA = Green color when ( WMA5 Low > WMA10 Low )

Upper band WMA = Red color when ( WMA5 High < WMA10 High )
Lower band WMA = Red color when ( WMA5 Low < WMA10 Low )

Green Candle = Momentum Up candle - when candle close outside from TopBB
Red Candle = Momentum Down candle - when candle close outside from Low BB

+ sign (Red) when line WMA exceed outside TopBB (possible Extreme Sell will happen)
+ sign (Green) when line WMA exceed outside LowBB (possible Extreme Buy will happen)

13 mar 2022

Note di rilascio

Updated Version :

1. Using the original Oma Ally's WMA, BB and EMA50 colors. Please refer setting menu for reference.
2. User has the option to display WMA band ( WMA Low and WMA High ).
3. User has the option to display "+" sign which indicates WMA is outside Bollinger Band.

19 mag

Note di rilascio

Update to Pinescript Version 5