*4 x Multiple Moving averages
The indicator lines are set up to display names to avoid any confusion.
This will free up space to better understand and learn how these indicators interact with price action.
Please note: this indicator makes use of standard indicator calculations and scripts and have no additional edge on the current built in ones, that is freely available within the Trading view platform
Toot helps identify confluence within trading probabilities. Upper and lower ranges to be used to establish good TP areas. and the moving averages to be used along with Fib levels to identify good entry points.
MacD visibility removed and will be reinstated at a later stage.
Initial Setup requirements:
Disable the following lines when you use this indicator; 100 & 200MA( use in downtrend only ), BB20ma, lead1 & lead 2
This indicator contains variants of the following standard indicators :
*4x Moving indicators. 20;50;100;200
Use the 20 over the 50ma as per normal uptrend.
The upper range and the lower range is to by used with Fibonacci retracement tool to establish areas of confluence to enter or exit trades.
The cloud has default values better suited for the 24h crypto markets, and is to be used to identify strong areas of support and resistance, adding more confluence to your trade entries or exits.
MacD is removed until a solution can be found to enable this indicator to plot in a new window pane
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.