6 simple and 5 exponential Moving Averages in one indicator.
I made this because its not always easy to tell what average the price might be bouncing off from when you only have a couple at a time.
For some reason, the defaults aren't working.
To fix this, just open the configuration for the indicator after the first time that you load it.
This script plots three Simple Moving Averages instead of just one.
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Three simple moving averages all in a single indicator for your convenience.
MA 1 - 20
MA 2 - 50
MA 3 - 100
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This is a modified version of the base RSI indicator, which uses the Wilder's calculation with exponential MAs. This version uses simple MAs. Simple RSI is one of the indicators required for the Green Goose trading strategy, which you can learn about from OptionsPlayers.com .
Simple MA's 20 and 50 are averaged to produce a mean MA line. I like the smoothness of it, and it can help you stay in a trade in the slow moving trends. Also if you start to see a large cloud in your favor, it could be a great time take the profits.
value of close of candle < value of close of candle previous by 1 = sell
close > close1 = buy
closeorder on SL
closeorder on AutoProfit
closeorder on signal reverse (if openorder not in profit)
Ignore the other one (it contains some errors).
On this FRAMA you can play with length, SC and FC.
Just read on below links to understand more about this super useful moving average:
The usage is very easy. When the line is green you can open long position, when the line is red you can open short position and when it's black just check by yourself.
Usually I use it with RSI and Bollinger Bands , in order to determine when the signal is strong or weak.
Just play with fastest and slowest SC to adjust the smoothness.