Imagine bollinger bands, but instead with multiple customizable moving averages.
MAZ contains moving averages that act as support and resistance. This can lead to potential use for stop loss and take profit decision-making along with potential signs of reversals.
Features
Areas of Confluence
Display Options
Data Window
Default Settings (with Data Window)
Areas of Confluence In the photo above, every touch inside a zone increases the brightness of the zone, strengthening the confluence of the zone. Zones will disappear after a while if no touches have occurred in between a zone within the specified lookback period.
Note di rilascio
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New Feature
Reversal Detection
Reversal Detection checks for rejection wicks off of each zone, and if the customizable conditions are met, send an alert.
This is SO useful. I wonder if you could make a simple tweak: can you show BOTH all the MA zones and highlight at the same time cofluence?
Da-sein
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I ask this because if you turn on "Show the areas of confluence" then it is very difficult to see the MA zones that do not get any touches, but I think it is useful to see them, esp. if you are trading Iron Condors.
siritech
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Hi, this indicator is giving me multiple errors. Are you able to review the code? I like your other trend indicators so I wanted to try this one out.
HoanGhetti
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@siritech, the script is planned to be rewritten. Just updated it again, the errors should be fixed.
mtahreemalam
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What a perfect way to visualize confluence. Absolute genius!