Superstock 10-30 WMA Band script — Indicator by UnknownUnicorn3844238

trendanalysis movingaverage superstocks weekly moving average trend bearish bullish

I was reading Jesse Stine's Insider Buy Superstocks book, and one of the technical traits he mentioned of a superstock (read the book, seriously, very strongly recommended) was a breakout above the 30 weekly moving average. He goes on to mention that after breakout, the 10 WMA often acts as a support line where you can add to your position. This script is inspired by the visual direction of Chris Moody's slingshot system, and how it displays MA's. The skinny line is the 10 WMA and the bigger line is the 30.

Release Notes:

Updated name, added in the ability to customize the "magical line". Also fixing the chart to only show this specific indicator.

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.

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