This is a unique take on moving average multiplier indicators. Here, a pair of moving averages is used in combination with a multiplier set of to calculate
The resulting data can be further used to calculate derived support and resistance levels using the Multiplier Type settings option. The moving averages and multiplier sets are customizable to make it easy to test different values on the fly and discover new patterns, and the Spread settings option is handy for working across timeframes.
- separate support and resistance levels
- a new basis point of reference
The resulting data can be further used to calculate derived support and resistance levels using the Multiplier Type settings option. The moving averages and multiplier sets are customizable to make it easy to test different values on the fly and discover new patterns, and the Spread settings option is handy for working across timeframes.
Note di rilascio:
upgraded Pine Script to version 5
Note di rilascio:
- added "MA" input setting
- added data table position settings
- added data table headers
- improved plot visibility
Note di rilascio:
updated chart and code comments
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👀 Watch on TikTok: shorturl.at/gzAPW
🚩 Disclaimer: the information created and published here is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors