PROTECTED SOURCE SCRIPT
Updated AventusIV | Moving Averages
The AventusIV Moving Averages indicator is a customizable tool that plots a series of Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs) on your TradingView chart. It offers the following features:
Multiple Moving Averages: Displays EMAs with periods of 9, 13, 23, 55, 113, and 200, and SMAs with periods of 50, 100, 200, and 325.
Visibility Toggles: Enables users to show or hide all EMAs or all SMAs with a single checkbox, allowing focus on specific moving averages.
Trend Color Option: When activated, this feature changes the color of each moving average based on the price’s position:
Green if the price is above the moving average (suggesting a potential uptrend).
Red if the price is below the moving average (suggesting a potential downtrend).
Best Practices
Trend Identification: Use the moving averages to gauge the overall trend. For instance, a price above multiple moving averages may signal a strong uptrend.
Crossovers: Watch for crossovers between moving averages as potential indicators of trend shifts or trading opportunities.
Support and Resistance: Treat moving averages as dynamic support or resistance levels, noting price reactions near these lines.
Declutter Your Chart: Toggle off irrelevant moving averages to keep your chart clear and focused on your analysis.
Trend Color Feature: Activate this option for a quick visual cue of the price’s position relative to each moving average, especially useful across multiple timeframes.
The AventusIV | Moving Averages indicator combines flexibility and functionality, making it a valuable tool for traders to analyze trends and refine their strategies.
Multiple Moving Averages: Displays EMAs with periods of 9, 13, 23, 55, 113, and 200, and SMAs with periods of 50, 100, 200, and 325.
Visibility Toggles: Enables users to show or hide all EMAs or all SMAs with a single checkbox, allowing focus on specific moving averages.
Trend Color Option: When activated, this feature changes the color of each moving average based on the price’s position:
Green if the price is above the moving average (suggesting a potential uptrend).
Red if the price is below the moving average (suggesting a potential downtrend).
Best Practices
Trend Identification: Use the moving averages to gauge the overall trend. For instance, a price above multiple moving averages may signal a strong uptrend.
Crossovers: Watch for crossovers between moving averages as potential indicators of trend shifts or trading opportunities.
Support and Resistance: Treat moving averages as dynamic support or resistance levels, noting price reactions near these lines.
Declutter Your Chart: Toggle off irrelevant moving averages to keep your chart clear and focused on your analysis.
Trend Color Feature: Activate this option for a quick visual cue of the price’s position relative to each moving average, especially useful across multiple timeframes.
The AventusIV | Moving Averages indicator combines flexibility and functionality, making it a valuable tool for traders to analyze trends and refine their strategies.
Release Notes
The AventusIV | Moving Averages indicator is a customizable tool that plots a series of Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs) on your TradingView chart. It offers the following features:Multiple Moving Averages: Displays EMAs with periods of 9, 13, 23, 55, 113, and 200, and SMAs with periods of 50, 100, 200, and 325.
Visibility Toggles: Enables users to show or hide all EMAs or all SMAs with a single checkbox, allowing focus on specific moving averages.
Trend Color Option: When activated, this feature changes the color of each moving average based on the price’s position:
Green if the price is above the moving average (suggesting a potential uptrend).
Red if the price is below the moving average (suggesting a potential downtrend).
Best Practices
Trend Identification: Use the moving averages to gauge the overall trend. For instance, a price above multiple moving averages may signal a strong uptrend.
Crossovers: Watch for crossovers between moving averages as potential indicators of trend shifts or trading opportunities.
Support and Resistance: Treat moving averages as dynamic support or resistance levels, noting price reactions near these lines.
Declutter Your Chart: Toggle off irrelevant moving averages to keep your chart clear and focused on your analysis.
Trend Color Feature: Activate this option for a quick visual cue of the price’s position relative to each moving average, especially useful across multiple timeframes.
Release Notes
The AventusIV | Moving Averages indicator is a customizable tool that plots a series of Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs) on your TradingView chart. It offers the following features:Multiple Moving Averages: Displays EMAs with periods of 9, 13, 23, 55, 113, and 200, and SMAs with periods of 50, 100, 200, and 325.
Visibility Toggles: Enables users to show or hide all EMAs or all SMAs with a single checkbox, allowing focus on specific moving averages.
Trend Color Option: When activated, this feature changes the color of each moving average based on the price’s position:
Green if the price is above the moving average (suggesting a potential uptrend).
Red if the price is below the moving average (suggesting a potential downtrend).
Best Practices
Trend Identification: Use the moving averages to gauge the overall trend. For instance, a price above multiple moving averages may signal a strong uptrend.
Crossovers: Watch for crossovers between moving averages as potential indicators of trend shifts or trading opportunities.
Support and Resistance: Treat moving averages as dynamic support or resistance levels, noting price reactions near these lines.
Declutter Your Chart: Toggle off irrelevant moving averages to keep your chart clear and focused on your analysis.
Trend Color Feature: Activate this option for a quick visual cue of the price’s position relative to each moving average, especially useful across multiple timeframes.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.