OPEN-SOURCE SCRIPT

Moving Average with Percentage Bands

"Moving Average with Percentage Bands"

This indicator features a moving average, defaulted to 55 periods exponential (EMA), along with its respective bands:

• Upper band: the result of 50% above the moving average.
• Lower band: the result of 50% below the moving average.

This indicator can be useful for cryptocurrencies with a certain track record to identify overbought zones or dips. Both the moving average (type and length) and the percentage bands can be edited according to the user's preferences.

The source code is open for customization and modification.

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"Media Móvil con Bandas Porcentuales"

Este indicador presenta una media móvil, predeterminada de 55 períodos exponencial (EMA), y sus respectivas bandas:

• Banda superior: resultado del 50% por encima de la media móvil.
• Banda inferior: resultado del 50% por debajo de la media móvil.

Este indicador puede ser útil en criptomonedas con cierta trayectoria para encontrar zonas de sobrecompra o dips. Tanto la media móvil (tipo y longitud) como las bandas porcentuales pueden ser editadas según las necesidades del usuario.

El código fuente está abierto para su personalización y modificación.
bandsBands and Channelsdipmoving_averageMoving Averagespercentage

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

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