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HMA with range bands

 

HMA with range bands

I have been trading with an indicator set using Bollnger Bands, EMA crossover and Apiary Pivots to select open and close points.  I typically trade 1 and 5 minute charts with confirmation from 15 minute and/or 1 hour charts.  Results have been somewhet mixed.  I have considered replacing the Bollinger band SMA 20 line with a HMA21 line and would like to have the equivlent 2-sigma range lines computed with this set-up.   However, I have not found this configuration within Alveo.

The questions I have are:

1) Since this concept is new to me, does anyone have any idea on whether it is a worthwhile idea for an indicator?

2) Could it be added to Alveo?

 

Mon, 07/15/2019 - 5:17pm