OPEN-SOURCE SCRIPT
Daily Moving Averages Oscillator
Updated
This is the best way I've found so far for gauging directional bias (i.e. overall trend) at-a-glance. It shows current price in black along with the 20, 50 & 100 daily MAs, all of which are visible at all times, and from all timeframes. No wondering where the 100MA is cause it's now showing on the chart. I also find this good for keeping my charts visually cleaner. Having the undulating lines moved underneath makes it easier for me to see support/resistance and other imporant stuff,
The trend is your friend and this helps to make sure you're on the right side of a trade.
The trend is your friend and this helps to make sure you're on the right side of a trade.
Release Notes
Fixed screenshotRelease Notes
Added 200MA in blue, and 50 period Kijun (which is like a dynamic 50% fib) in brown, added some new options for hiding and offsetting the labelsOpen-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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