Do you have any other recommended settings for this indicator other than the base values?
miguelandal
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What would the entry conditions be when used for entries?
chikano11
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Hi,
Great Indicator !
Is it possible to add alerts ?
RedDolphin
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Is this a volume based indicator?
Kagematsu7
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Hey mate perfect indicator but is it possible to have a alert for the color changes? like from green to red and otherwise
obaskirt
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Can you add alerts for color changes?
shrodin
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For what it's worth, I asked chatGPT about the code. Here's its reply for anyone else interested in a bit more info about the indicator design:
""" This Pine Script creates a custom technical indicator called "Braid Filter". It allows the user to select one of several types of moving averages (e.g. EMA, SMA, etc.) and set 3 periods, and a PipsMinSepPercent value.
It then calculates the moving average of the close prices, open prices, and close prices, respectively, based on the selected type and the periods. It then finds the maximum and minimum of these 3 moving averages, and calculates the difference between the maximum and the minimum.
Finally, it plots this difference as a column, plots a filter value, and sets the background color based on the difference's relation to the filter value.
If the difference is greater than the filter value and the first moving average is greater than the second moving average, the background color is set to green. If the difference is greater than the filter value and the second moving average is greater than the first moving average, the background color is set to red. If the difference is not greater than the filter value, the background color is set to gray. """
racer8
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Well Mango, this is one weird formula...nevertheless, good job!
jocelyn6118
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what is the recommended settings for H1 timeframe ?
visibleLeopard82205
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wow it works great on trending idices, trying to use for forex too though. Great indicator thanks