Similar to a supertrend in many aspect, this indicator act as a trend following system by itself. Based on a 89 Weighted moving average by default, the trend reverse is triggered by the crosses of the high or low with the Aktivator line. I changed a bit the RETURN instruction to show 2 different colors.
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//parameters // x = 89 // gg = 4 // rr = 11 // factor = 1 a = round(WeightedAverage[x](close)) green = a[round(x/gg)] red = a[round(x/rr)] if red > green then up1 = red dn1 = green elsif red < green then up1 = green dn1 = red endif atr = AverageTrueRange[14](close) up = up1+(atr*factor) dn = dn1-(atr*factor) once trend=1 if high>up[1] then trend=1 elsif low<dn[1] then trend=-1 endif if trend<0 and trend[1]>0 then flag=1 else flag=0 endif if trend>0 and trend[1]<0 then flagh=1 else flagh=0 endif if trend>0 and dn<dn[1] then dn=dn[1] endif if trend<0 and up>up[1] then up=up[1] endif if flag=1 then up=up1+(atr*factor) endif if flagh=1 then dn=dn1-(atr*factor) endif if trend=1 then super=dn else super=up endif return super coloured by trend as "89WMA Aktivator" |
//Indicator form the Kevin Britains archive.
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Hello,
Congratulations and thank you for this work.
I do not understand one thing, however:
if I change Green shift (gg variable, 4 by default) or Red shift (rr variable, 11 by default), the indicator disappears from the graph.
Even adding in the code an “if barindex> x + gg + rr + factor then …. endif”.
Many thanks in advance if you have any idea to solve this problem.