PROTECTED SOURCE SCRIPT
Moving Average Daily (& Weekly) 50,100,200
Free to use Moving Average indicator for 50, 100 and 200 days that displays both the daily and weekly Moving Averages on the same chart - revealing key support and resistance lines that might otherwise be overlooked. Please ensure to view in daily view only.
What is a Moving Average?
Smooths out the price across each period to reveal short, medium and long term trends and their relationship to each other. In principal, when the price is above a moving average the trend is up, when the price is below a moving average the trend is down.
When a short term MA crosses above a long term MA (a "golden cross") it is a strong buy signal. Conversely when a short term MA crosses below a long term MA (a "death cross") it is a strong sell signal. However, a death cross is usually only critical when both MAs are moving downwards.
Note that Moving Averages represent historical data and therefore are not strictly predictive in nature, but show trends that may be in action. Notably the 200 MA will often be particularly respected as support or resistance.
This tool is for educational purposes only and not a recommendation to buy or sell. Always do your own research before trading.
What is a Moving Average?
Smooths out the price across each period to reveal short, medium and long term trends and their relationship to each other. In principal, when the price is above a moving average the trend is up, when the price is below a moving average the trend is down.
When a short term MA crosses above a long term MA (a "golden cross") it is a strong buy signal. Conversely when a short term MA crosses below a long term MA (a "death cross") it is a strong sell signal. However, a death cross is usually only critical when both MAs are moving downwards.
Note that Moving Averages represent historical data and therefore are not strictly predictive in nature, but show trends that may be in action. Notably the 200 MA will often be particularly respected as support or resistance.
This tool is for educational purposes only and not a recommendation to buy or sell. Always do your own research before trading.
Script protetto
Questo script è pubblicato con codice protetto, ma puoi comunque usarlo gratuitamente. Mettendolo tra i preferiti potrai applicarlo al grafico, senza però la possibilità di visualizzare o modificare il codice sorgente.
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