A brilliant concept based on the long term and short term EMA by @heartwon. I'm here on twitter for such stuff that helps me build my systems. Really good one. Here is the trading view indicator that I coded. Please RT for everyone's benefit. 1/3
//@version=4
study("Weekly & Daily RTM", overlay=true)
shortemadaily = ema(close,5)
longemadaily = ema(close,21)
RTMDaily = shortemadaily/longemadaily
shortemaw = ema(close,4)
longemaw = ema(close,12) 2/n
study("Weekly & Daily RTM", overlay=true)
shortemadaily = ema(close,5)
longemadaily = ema(close,21)
RTMDaily = shortemadaily/longemadaily
shortemaw = ema(close,4)
longemaw = ema(close,12) 2/n
shortemaweekly = security(syminfo.tickerid,"W",shortemaw)
longemaweekly = security(syminfo.tickerid,"W",longemaw)
RTMweekly = shortemaweekly/longemaweekly
plot(RTMDaily,color=color.black)
plot(RTMweekly,color=color.red) 3/n
longemaweekly = security(syminfo.tickerid,"W",longemaw)
RTMweekly = shortemaweekly/longemaweekly
plot(RTMDaily,color=color.black)
plot(RTMweekly,color=color.red) 3/n
If you can't see the indicator properly, try this..
I have received quite a few DMs requesting help to show how to add the code to Tradingview. Here is a video recording that I did. Please refer to this. @heartwon Please RT
