Daily Moving Averages Oscillator

scarf Wizard 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.
Release Notes:
Fixed screenshot
Release 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 labels

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 a publication is governed by House Rules. You can favorite it to use it on a chart.


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