Support Bands Indictor
Once a Trend is developed is more likely to continue that change it. "Technical Analysis Using Multiple TimeFrames" Brian Shannon Book.
However we can see the Support Band indicator which is a multiple Moving average, leaving a color trace of the trend. Creates a color Band Red for Downtrend and Green for Uptrend.
8EMA vs 10SMA Band 1
21EMA vs 30SMA Band 2
All MA declining and the market having a Green day and BTC having a green day.
The Stock Sample is just to see how the Indicator works.
However we can see the Support Band indicator which is a multiple Moving average, leaving a color trace of the trend. Creates a color Band Red for Downtrend and Green for Uptrend.
8EMA vs 10SMA Band 1
21EMA vs 30SMA Band 2
All MA declining and the market having a Green day and BTC having a green day.
The Stock Sample is just to see how the Indicator works.
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