Extension From Bull Market Support Band [20W SMA & 21W EMA]The Price Extension Oscillator is a momentum indicator designed to identify overbought and oversold conditions, signaling potential trend reversals in the market.
Initially designed for Bitcoin on Weekly TF, but it can be used with any moving average and any symbol, just analyze the extensions and you will get a clear read on the assets potential reversal values.
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Bullmarketsupportband
Bull Market Support Band (20w SMA, 21w EMA)This moving average indicator is a bull market support band. It's significance comes from the previous bull runs where the price was bouncing off or riding from a distance the support band until the end of the market cycle. For example, during the 2017 bull run, Bitcoin had several 30-40% corrections to the support band.
The green line represents the 20 weeks simple moving average and the red line represents the 21 weeks exponential moving average. The best way to read the current value is to look at the weekly chart, but any time frame will display the same values.
Quadruple Moving Averages Plus Smoothed Moving AveragePrincipal moving averages and an approximation the institutional (smoothed) moving average.
