Uses the 7, 25 and 99 SMAs, just as Binance uses, which frequently act as Support and Resistance, and the difference between price and the SMAs so that one can see when it is overbought or oversold. The general trend 99 SMA is also shown.
This is nothing other than a simple alert script I created for Vdub FX Sniper VX3 / Strategy by Vdubus
Thank you to WillowGoLightly for coming to me with the idea.
Change Log:
Removed plots & layover
Added a simple alert indicator to match original
Be sure to give Vdubus a big thanks!
Original Sniper Script by Vdubus:
Disclaimer: I have...
Set up to 3 SMA and 3 EMA. Thus, a total of 6 moving averages if you really like. This is a great means by which to easily identify which moving average setup is constantly being tested.
Change the lengths of each moving average.
Change styling of each moving average.
1 = SMA = Simple Moving Average
2 = EMA = Exponential Moving Average
3 = VWMA = Volume-Weighted Moving Average
4 = DEMA = Double Exponential Moving Average
5 = TEMA = Triple Exponential Moving Average
6 = KAMA = Kaufman's Adaptive Moving Average
7 = Price Channel
This indicator combines 4 separate EMA indicators that have the following length by default:
- Shortest = 8 EMA
- Short = 13 EMA
- Medium = 21 EMA
- Long = 55 EMA
◊ Introduction
I started using this script because of its fast reaction, and good tell for buy/sell moments.
For larger timescales, the overall trend should be taken into account regarding the levels.
In the future i will update this indicator, to automatically adjust those.
This is the Overlay expansion of the Indicator Linked below.
◊ Origin
The...
