DC Hacendado A calculates an eight-line exponential moving average ribbon alongside WaveTrend oscillator conditions, Relative Strength Index measurements, and a custom RSI plus Money Flow Index metric. Drawn directly on the price chart, it provides momentum and trend visual cues based on average crossovers and overbought or oversold thresholds. Users can toggle the display of the ribbon and adjust lengths for all underlying calculations.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
WT Channel Length
int
9
wtChannelLen
WT Average Length
int
13
wtAverageLen
WT MA Source
source
hlc3
wtMASource
WT MA Length
int
3
wtMALen
WT Overbought Level 1
int
53
obLevel
WT Overbought Level 2
int
60
obLevel2
WT Overbought Level 3
int
100
obLevel3
WT Oversold Level 1
int
-53
osLevel
WT Oversold Level 2
int
-60
osLevel2
WT Oversold Level 3
int
-80
osLevel3
Show Ribbon
bool
false
showRibbon
EMA 1 Length
int
5
ema1Len
Show all 26 settings
Setting
Type
Default
Variable
EMA 2 Length
int
11
ema2Len
EMA 3 Length
int
15
ema3Len
EMA 4 Length
int
18
ema4Len
EMA 5 Length
int
21
ema5Len
EMA 6 Length
int
24
ema6Len
EMA 7 Length
int
28
ema7Len
EMA 8 Length
int
34
ema8Len
RSI Source
source
close
rsiSRC
RSI Length
int
7
rsiLen
RSI Oversold
int
40
rsiOversold
RSI Overbought
int
60
rsiOverbought
Show RSI+MFI
bool
true
rsiMFIShow
RSI+MFI Period
int
60
rsiMFIperiod
RSI+MFI Area multiplier
int
150
rsiMFIMultiplier
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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