OPEN-SOURCE SCRIPT
Major moving Averages
A combination of major moving averages both simple and exponential with cross signals on 2 of the SMAs and EMAs, great for assessing trend direction and strength at a glance.
Entering a position for continuation from a retracement to one of the longer period averages can offer a great R:R and win rate, using this in combination with a traditional oscillator such as RSI or MFI can further increase the effectiveness.
Best for use on higher timeframes (4H and above)
Default settings:
Period:
200 SMA, 50 SMA 20SMA (Bollinger band center), 7SMA
200 EMA, 50 EMA, 21EMA, 10EMA
Visual:
Lighter = larger period Darker = smaller period
7 SMA = thin white 10 EMA = thin yellow
Thick = SMA Thin = EMA
Entering a position for continuation from a retracement to one of the longer period averages can offer a great R:R and win rate, using this in combination with a traditional oscillator such as RSI or MFI can further increase the effectiveness.
Best for use on higher timeframes (4H and above)
Default settings:
Period:
200 SMA, 50 SMA 20SMA (Bollinger band center), 7SMA
200 EMA, 50 EMA, 21EMA, 10EMA
Visual:
Lighter = larger period Darker = smaller period
7 SMA = thin white 10 EMA = thin yellow
Thick = SMA Thin = EMA
Script open-source
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Per aggiungerlo al grafico, mettilo tra i preferiti.
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