Fountain of gold TMP

23 Feb 2025
This is fountain of gold setup inspired from Japanese teaching of ichimoku and western teaching of RSI, MACD, RS and Rate of change.

Trend
1)Long term trend is defined by average of 52 period high and low with offset of 25 which is equal to Span B of Ichimko denoted by orange line.
2)Medium term trend is defined by exponential moving average of 52 period low denoted by red line.
3) Short term trend is defined by background which is green when close greater than conversion line and basis line of ichimoku and red when close is below conversion line and basis line.

Momemtum
1) Long term Momentum is defined as bullish when conversion line is greater than Span B line of ichimoku
2) Meduim term Momentum is defined as bullish when signal 1 of sma of period 7 of MACD is greater than signal 2 of sma of period 21 MACD. (here standard MACD is used)
3) Short term Momentum is defined as bullish when MACD is greater than previous period MACD

Price Action
Price Action is formed by two candle and is full green when
1) current OHLC is greater than average of OHLC 1 period ago and 2 period ago and
2) average of OHLC 1 period ago and 2 period ago is greater than average of OHLC 9 period ago and 10 period ago.
in case of full red condition are reverse in order.

RSI Three Factor
1) RSI of 12 period greater than simple moving average of that RSI of 12 period
2) RSI is above Slow Rsi
3) Rsi Cloud is green for bullish

Relative Strength status
1) Relative Strength of period 17 is comparing symbol to benchmark

Speed Score
it is defined by rate of change for close comparing to average of ohlc 9 and 10 period ago