naoligo

[naoligo] 12x MA DT (5, 15, 30 & 60)

This indicator is based on "Generic 8x MA Plotter", by @LazyBear.
It is also based on my own indicator "10x MA (H, D, W, M)", which is good for Swing Trading and/or Position.

This one is focused in daytrade and it will plot three Moving Averages based on current time interval (under 5 minutes) and nine based on chosen periods by 5, 15, 30 and 60 minutes. You will be able to see where is, for example, a 50 period's SMA of 15 minutes when using a 2 minutes time interval chart. I find it very useful to analyze, in a snap, possible price ranges and enter/exit points. All reference values are from setups known and used by daytraders.

you can choose between EMA or SMA (default: SMA ) for each time interval, that are distributed in:

3x MA current time interval;
3x MA 5 minutes;
2x MA 15 minutes;
2x MA 30 minutes;
2x MA 60 minutes.

I've tried to keep the code as simple as possible, so you can increase the number of MA or modify the type for each time interval.

Cons: Use it wisely, because if you choose to plot all the 12 Moving Averages, it will may consume a lot of your navigator resources.

Enjoy!
Remove from Favorite Scripts Add to Favorite Scripts
Tnx so much.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out