Rob Hoffman Overlay Set

Origin:
This is an attempt to recreate a set of moving averages combined together to
make up a single indicator. An indicator similar to it has been posted in many open forums
such as TradingView by the same name, in a different script. Several popular trading channels have
used it for trend direction determination for different entry signals and has made it a popular request
for those wanting the indicator on other platforms.

It has been said that this set of moving averages was presented by Rob Hoffman (hence the name)
as one of his strategies for determining the trend direction. The author of this script and summary has
not verified that to be true but I am attempting to credit the proper people

The following script has all been developed by the author of this summary and is based on the
that semi-popular indicator ~ Samuel Collier​

Instructions:
Varying uses and instructions can be found on different trading platforms and channels. The common use is to turn off the Fast Speed Line (in indicator menu), and look for long entry signals when the Slow Speed Line is above all other lines and the Fast Primary Trend Line is above all other lines except the Slow Speed Line. Likewise, look for you short entry signals when the Slow Speed Line is below all other lines and the Fast Primary Trend Line is below all other lines except the Slow Speed Line. Signals can be an Inventory Retracement bar, also said to be a strategy presented by Rob Hoffman.

Created By smcllr
NinjaTrader Version 8
File Size 6.0 KB
Create Date(s) 11/28/2022
# of Downloads 494

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