Adam Khoo Moving Averages

This indicator will plot the simple and exponential moving averages Adam Khoo is also looking at for buying opportunities.
The best timeframe to use this indicator is the daily chart . The weekly moving averages are hard coded and don't change on any other timeframe. The other moving averages will show the values of your current timeframe.

In the settings you have the option to change the values of the moving averages and to show or not show the current timeframe moving averages or the weekly moving averages.

A label will also show the current value of all moving averages. To hide this label, go into the settings and click on 'Style' and at the bottom uncheck 'Labels'.

Happy trading ;-)

Versionsinformation:

- Updated code to to Pine Script version 5
- Label box is now smaller
- Pick your own color for the label text and background
- The label will also indicate if we're in a strong up- or downtrend when the moving averages are all lined up

Versionsinformation:

Code cleanup