OPEN-SOURCE SCRIPT
別府 Multiple Moving Averages
Updated
This is yet another script that implements multiple moving averages into one indicator. It also identifies SMA golden crosses and candles where price goes above or below the 200 SMA. It also has a few EMAs and SMAs with configurable periods in case you want to try something out and need a weird EMA or SMA. The default EMAs and SMAs use 50, 100, and 200 periods.
Release Notes
I added the concept of SMA alignment. - When SMA 50 > 100 > 200, I consider that bullish alignment and denote that with a green "=".
- When SMA 50 < 100 < 200, I consider that bearish alignment and denote that with a red "=".
I also changed a few colors around.
Since there are many moving averages in this, I highly recommend immediately going into settings and disabling the ones you don't care about.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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