Cosmic Flow — Indicator by cosmic_indicators

movingaverage volatility multiplier basis

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

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.

Release Notes:

upgraded Pine Script to version 5

Release Notes:

added "MA" input setting
added data table position settings
added data table headers
improved plot visibility

Release Notes:

updated chart and code comments

📣 Ask on Reddit: shorturl.at/BILRZ
👀 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

Open-source script

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?