Multiple Moving Averages (Rainbow Waves) — Indicator by zoliatt

Two moving averages with toggle for Rainbow Wave mode (total of 16 equally spaced moving averages)

Release Notes:

Added midline as a separate option in addition to rainbow mode.

Updated rainbow mode to have 8 MA's above and below the midline

Release Notes:

Entries for different time resolutions - Day/Intraday, Week and Month/Longer - with automatic switching as time resolution changes on the active chart.

Release Notes:

Moving average tool with intelligent switching of period for day/intraday, week and month+. Useful for users who regularly switch the time basis when looking at a chart without needing to change the moving average periods. This version upgrade also includes forcasts for next three periods assuming that the current bar price remains unchanged for the next three periods.

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

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