If colorPGO and isGreenDot then COLOR.DARK_GREEN else If colorPGO and isOrangeDot then COLOR.ORANGE else If colorPGO and isPurpleDot then COLOR.MAGENTA else
If colorPGO and PGO then COLOR.GREEN else 95) ) andĬlose > close and close > close and close > close ĭef MACD = MovingAverage(AverageType, close, 12) -ĭef isOrangeDot = (MACD - ExpAverage(MACD, 9)) > (MACD - ExpAverage(MACD, 9)) > 0Īnd (volume > (0.90 * Average(volume,50)) > 0) ĭef PGO = isGreenDot and isPurpleDot and isOrangeDot (ExpAverage(close, 5) / ExpAverage(close, 30) >. (ExpAverage(close, 3) / ExpAverage(close, 5). Input averageType = AverageType.Exponential ĭef ErgodiIndicator = TrueStrengthIndex(longLength, shortLength, signalLength, averageType).TSI - TrueStrengthIndex(longLength, shortLength, signalLength, averageType).Signal ĭef c2 = Highest(high, KPeriod) - lowest_k ĭef FastK = if c2 != 0 then c1 / c2 * 100 else 0 ĭef stoc = MovingAverage(AverageType.SIMPLE, FastK, period) ĭef isGreenDot = stoc / average(stoc,4) 1 ĭef isPurpleDot = ( (ExpAverage(close, 2) / ExpAverage(close, 8) > 1) and #It provides an excellent entry point for swing and #momentum trades in growth stocks. #It represents a stock moving out of consolidation on volume. #The PGO Indicator is a combination of my Purple and Orange Dot indicators and
#Ported from TC2000 Code from Richard Moglen
