- Each moving average has customizable length, type and source
- The ability to change the source of all moving averages with one input (changing an individual MA source will override the general for that MA)
- At a glance comparison of 20 and 20 to gauge trend
- Wick alerts which can be toggled for each moving average.
- wick alerts are when the wick is the only part of the candle to drop below the moving average
- wick alerts are when the wick is the only part of the candle to reach above the moving average
- Simple candle closed alert if you want a notification, for example each hour.
Defaults: Four SMAs (20, 50, 100, 200) and a 20 .
- Set the general source (sets the source of all moving averages) to 'low' when in an uptrend and 'high' in a downtrend to maximize Risk : Reward.
- Use Fibonacci levels, oscillators .etc for confluence
NOTE: The moving average component of this indicator is the same as the previous indicator (https://www.tradingview.com/script/JV2WL...)
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.