Moving Average Area — Indicator by marketslave_

bandsandchannels movingaverage movingaverageband movingaveragearea

As a trader, it is much more convenient to draw support and resistance in a form of an area instead of just a straight line. Same thing with moving averages which are often used as dynamic support and resistance. This indicator plot a moving average on the chart in a form of an area. You can customize the size of the band in the options menu.

Release Notes:

Change the band size data type from integer to float.

Release Notes:

Added features to select moving average type between simple moving average (SMA) and exponential moving average (EMA)
I copied the line of code from the ATR indicator.

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.

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.

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