This is a quick throw together of MacnBTC MAs he describes on twitter.
Simply put, using the mix of SMAs and MAs to identify higher timeframe trading opportunities. To buy and or sell the various retests.
Timeframes to be used with: 4H, 12H, 1D, 1W, 1M
From his twitter thread;
Concept 1: As we remember MAs can either be flat or in a uptrend or...
This script uses double SMA and 4 EMA , you can enable or disable EMA and SMA as you wish. Also you are free to change EMA and SMA values as you need.
Golden Cross and a Death Cross
By default we have enabled SMA only, you can see Golden Cross and a Death Cross on chart with SMA. From setting you can use combination of SMA and EMA or EMA and EMA or SMA and...
Script to plot common daily/alternative timeframe moving averages on when viewing securities at other resolutions.
There's lots of different MA scripts out there, but I couldn't find one that just represented the standard support/resistance indicators that were typical for my markets. So, this is the DIY. :)
The today script is an upgrade on steroids of my previous SMA 50 collector
Why this script ?
The SMA 50 is known to define a trend. If price is closing above, trend is bullish , if below, trend is bearish.
That's why I like to have all of them in all timeframes on my chart :)
Those are very relevant for all assets class : FOREX, INDEX, STOCKS,...
This SMA will change colour when the price crosses above and below.
When the Price is above, the SMA will be GREEN to indicate you should look for BUY entries.
When the Price is below, the SMA will be RED to indicate you should look for SELL entries.
The default is set to 50 SMA, this can be changed in the settings to suit your requirements.