OPEN-SOURCE SCRIPT

5 Moving Aveage (based on Madrid)

Variation of Madrid Moving Average Ribbon using only 5 MA's. Created to show trend and take advantage of scalping or pullback opportunities.
Moving AveragesmultiplemovingaverageTrend Analysis

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.

Want to use this script on a chart?

Disclaimer