PROTECTED SOURCE SCRIPT

NGRN BALANCE ALLOCATION INDICATOR v1

NGRN BALANCE ALLOCATION INDICATOR - Version 1

Overview

This indicator can be used to determine trade quantities as the market ebb and flows. Deeper red histogram values would indicate more funds allocated to the buy/long condition, and higher green histogram values would indicate a larger percentage of funds to sell or short. Uses volume weighted moving average as the basis for Fibonacci bands where candle crosses/touches are measured.


Features

  • Length indicator to control period of time to evaluate VWMA basis
  • Option to use open, close, high, low, hl2, hlc3, ohlc3 as source for VWMA
  • Option to option to specify the type of contact on fib bands
  • Option to specify the multiplier for the fib bands
  • Clean/Simple UI - Facilitating ease of use.



Access

Access to use is FREE however the source code is protected.
allocationbalanceFibonacciMoving AveragesOscillatorsTrend Analysis

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