This moving average indicator is a bull market support band. It's significance comes from the previous bull runs where the price was bouncing off or riding from a distance the support band until the end of the market cycle. For example, during the 2017 bull run, Bitcoin had several 30-40% corrections to the support band.
The green line represents the 20 weeks simple moving average and the red line represents the 21 weeks exponential moving average. The best way to read the current value is to look at the weekly chart, but any time frame will display the same values.
The green line represents the 20 weeks simple moving average and the red line represents the 21 weeks exponential moving average. The best way to read the current value is to look at the weekly chart, but any time frame will display the same values.
Versionsinformation:
Smooth lines on non-weekly timeframes.
Versionsinformation:
Removed deprecated "color" attribute in "fill" function and changed "color" attribute accordingly.
Versionsinformation:
Fixed a bug where changing the indicator timeframe does not change the lengths of the moving averages.
Versionsinformation:
Bumped the version to v5.
