OPEN-SOURCE SCRIPT
Toggle Timeframe MA Bunch
Indicator:
- 4 adjustable length MA's
- Set to EMA by default, can switch to SMA
- You can also hide one or more moving averages if you want
Uses:
- MA's chop in sideways markets, but are good for confirming trend reversals
- Can look at one short MA crossing over/under another
- Can look at short MA's crossing over/under long MA's
- Longer MA's can be used as support levels/zones for price on higher timeframes
The adjustable MA ribbon saves taking up multiple indicator slots on the chart.
- 4 adjustable length MA's
- Set to EMA by default, can switch to SMA
- You can also hide one or more moving averages if you want
Uses:
- MA's chop in sideways markets, but are good for confirming trend reversals
- Can look at one short MA crossing over/under another
- Can look at short MA's crossing over/under long MA's
- Longer MA's can be used as support levels/zones for price on higher timeframes
The adjustable MA ribbon saves taking up multiple indicator slots on the chart.
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 publications is governed by House rules. You can favorite it to use it on a chart.
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