- Green = 1h 50MA
- Blue = 1h 100MA & 2h 50MA
- Red = 1h 200MA & 2h 100MA & 4h 50MA
- Pink = 2h 200MA & 4h 100MA
- Orange = 4h 200MA
- Light grey = 1D 50MA
- Dark grey = 1D 100MA
- Black = 1D 200MA
What is a Moving Average?
Smooths out the price across each period to reveal short, medium and long term trends and their relationship to each other. Moving averages can often be expected to act as lines of , better allowing you to predict where a price move might stop or falter. The higher the moving average time frame the more significant the will be.
Why is this indicator different from other Moving Average scripts?
Usually you can only view the Moving Average for the specific time frame you are viewing, meaning constantly switching (i.e. between the 1 hour and 1 day chart) to look for relevant areas of that need to be taken into account. With this indicator, as long as you remain in the 1 hour view, it displays the 50, 100 & 200 MA for multiple time frames all at the same time, revealing crucial you might otherwise miss.
When in use, open the settings for the indicator if you need to check the colour of each moving average or wish to change the colour scheme. Add this indicator to your favourites and you might be surprised just how useful it can be.
Please give me a thumbs up if you found this useful. This tool is for educational purposes only and not a recommendation to buy or sell. Always do your own research before trading.