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.

Note di rilascio

Smooth lines on non-weekly timeframes.

Note di rilascio

Removed deprecated "color" attribute in "fill" function and changed "color" attribute accordingly.

Note di rilascio

Fixed a bug where changing the indicator timeframe does not change the lengths of the moving averages.

Note di rilascio

Bumped the version to v5.

Note di rilascio

Fixed a bug where there is a gap between the latest indicator data and the chart's latest data on timeframes lower than weekly.

Note di rilascio

Reverted last big fix since it is removed multi timeframe functionality.

Note di rilascio

Same as above

Script open-source

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

zkdev

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Script open-source

zkdev