AlessioBusatoAccelerator
This indicator developed by Alessio Busato, reveals a positive or negative acceleration of the exponential moving average. Color changes, indicating whether or price accelerated, she's going to turn around and go back to:
- Red - a strong signal to sell
- Orange - a sell signal
- Gray - neutral
- Green - a buy signal
- lime - a strong buy signal
You only need to select the exponential moving average for which the indicator will calculate the acceleration. Fast moving signals enables fast and slow on the contrary. By default, the Ema 21, but you customize according to your strategy.
You can also customize the display of the difference between one and the previous acceleration value by switching the settings. Hopefully, this indicator will be useful! I'm going to develop a strategy and a signal to the indicator, so stay tuned.
P.S. He is a bit like the acceleration of Williams, but still, this indicator is calculated in a different way!
Video
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