NGRN BALANCE ALLOCATION INDICATOR v1

NGRN BALANCE ALLOCATION INDICATOR - Version 1

Overview

This indicator can be used to determine trade quantities as the market ebb and flows. Deeper red histogram values would indicate more funds allocated to the buy/long condition, and higher green histogram values would indicate a larger percentage of funds to sell or short. Uses volume weighted moving average as the basis for Fibonacci bands where candle crosses/touches are measured.


Features

• Length indicator to control period of time to evaluate VWMA basis
  
• Option to use open, close, high, low, hl2, hlc3, ohlc3 as source for VWMA
  
• Option to option to specify the type of contact on fib bands
  
• Option to specify the multiplier for the fib bands
  
• Clean/Simple UI - Facilitating ease of use.
  

Access

Access to use is FREE however the source code is protected.