The Tradingweek-M1 indicator is a non-angular adaptive curve, generated by a constant mathematical operation between a moving average (MM1) and a macd (MAC), to the sum of which (OPM) a new moving average (MM2) is applied, which is again added to the macd. The indicator Tradingweek-M1 adapts well to the prices, it is applied on any type of time frame and thanks to the customizations of the parameters, it makes it possible to find the most suitable curve for the personal strategies of investment.
The formula is as follows:
MM1 = Weighted Moving Average of Close for 6 periods
MAC = MACD( Close, 5, 6 )
OPM = MM1 + MAC
MM2 = Exponential Moving Average of OPM for 5 periods
TRADINGWEEK-M1 = MM2 + MAC
Prices moving above the TradingWeek-M1 Line are seen as positive or could begin a bullish move, while prices moving below the TradingWeek-M1 Line are seen as negative or could be beginning a bearish move.