Moving Averages (10, 21, 50, 200)

6 hours ago

Moving Averages including 10, 21, 50 and 200 period. Intended mainly for use on a daily chart, but will work for any period.

6 hours ago

Release Notes

This script displays four Simple Moving Averages (SMAs) directly on the price chart,
providing a multi-timeframe view of trend direction and momentum. The indicator
focuses on the standard 200-period and 50-period MAs for long-term and medium-term
analysis, and includes optional 21-period and 10-period MAs for short-term and
intermediate trend confirmation.

Key Features:
1. Four SMAs (200, 50, 21, 10) are plotted directly on the chart.
2. Optional Visibility: The 21-period and 10-period MAs can be toggled on/off in the settings.
3. Percentage Variance: The script calculates and displays the current percentage
variance (deviation) of the closing price from each MA. These values are visible
in the Data Window and the indicator status line, allowing traders to quickly
identify overextended price conditions relative to the average. The variance
colors match the corresponding MA lines for easy identification.

MA Color Scheme:
- 200 MA: Grey (Long-term trend filter)
- 50 MA: Red (Medium-term trend and support/resistance)
- 21 MA: Bright Green (Intermediate momentum)
- 10 MA: Purple (Short-term momentum and entry/exit signals)

6 hours ago

Release Notes

This script displays four Simple Moving Averages (SMAs) directly on the price chart,
providing a multi-timeframe view of trend direction and momentum. The indicator
focuses on the standard 200-period and 50-period MAs for long-term and medium-term
analysis, and includes optional 21-period and 10-period MAs for short-term and
intermediate trend confirmation.

Key Features:
1. Four SMAs (200, 50, 21, 10) are plotted directly on the chart.
2. Optional Visibility: The 21-period and 10-period MAs can be toggled on/off in the settings.
3. Percentage Variance: The script calculates and displays the current percentage
variance (deviation) of the closing price from each MA. These values are visible
in the Data Window and the indicator status line, allowing traders to quickly
identify overextended price conditions relative to the average. The variance
colours match the corresponding MA lines for easy identification.

MA Color Scheme:
- 200 MA: Grey (Long-term trend filter)
- 50 MA: Red (Medium-term trend and support/resistance)
- 21 MA: Bright Green (Intermediate momentum)
- 10 MA: Purple (Short-term momentum and entry/exit signals)