small change to my horizontal 200 week SMA script.
Plots the latest 200 week SMA value from Bitstamp BTCUSD on the chart. I use it for the Bitmex chart, as Bitmex doesn't have enough history for a 200 week moving average.
for horizontal level traders that don't want to disregard the 200 week SMA.
Plots a horizontal line for the latest 200 week SMA value in lieu of a wavy line.
Open the indicator's settings and check the "Price Line" box for max visibility
A simple indicator that display the 50, 100, and 200 Daily SMA. It will always display the DAILY 50,100, 200, regardless of the time frame you are looking at. Makes it easy to quickly display these key averages while also looking at smaller timeframes like 1H candles.
Following Trends and Finding Divergences
Here is a script example that uses a long length (100, 150, 200) RSI MA Ribbon to detect trend reversals using lower time frames. You can also use traditional RSI to find divergences.
Built Best for 1H to 10 Min Charting