Innotrade Octo Moving Averages with Alerts

The "Octo MA with Dynamic Labels & Alerts" is a complete and highly versatile moving average toolkit designed for the discerning trader. This powerful indicator plots up to eight fully independent moving averages (MAs) on your chart, providing a comprehensive framework for trend analysis, price action, market dynamic, support and resistance, and trade signaling via Alerts.

Developed by Innotrade, this all-in-one script combines extensive customization with a powerful, modern alert system. Each moving average can be configured with its own type (SMA, EMA, or SMMA), length, and source. Whether you are a day trader using short-term MAs or a long-term investor tracking major trend lines, this indicator can be tailored to your exact strategy.

Key Features

Eight Independent Moving Averages: Plot up to eight MAs simultaneously, each with its own unique settings for type, length, and source.

Multiple MA Types: Choose between a Simple Moving Average (SMA), Exponential Moving Average (EMA), and Smoothed Moving Average (SMMA) for each of the eight lines.

Dynamic Slope Coloring: The color of each MA can dynamically change based on its slope. This provides an immediate visual cue of the trend's direction and momentum—no more second-guessing if the trend is up, down, or flat.

Volatility Clouds: Each MA can be paired with an optional volatility cloud based on Standard Deviation. These clouds act as powerful, dynamic support and resistance zones.

Informative Labels: To eliminate confusion, the indicator automatically displays a clear label for each MA on the last bar. The label shows the MA type and length (e.g., "EMA 50"), so you always know which line is which.

Modern & Dynamic Alert System: The indicator uses the modern alert() function to deliver precise, dynamic notifications.

Get notified the moment the price crosses any of the eight MAs.

The alert message is fully dynamic, telling you exactly which MA was crossed (e.g., "Price crossed EMA(200)").

Individually toggle alerts on or off for each of the eight MAs in the settings.

Full Customization: Nearly every visual aspect is customizable—colors, line widths, cloud opacity, label positioning, and more—allowing you to create the perfect chart setup.

How to Use This Indicator

Trend Identification: Use a "ribbon" of multiple MAs to gauge trend strength. When the MAs are stacked in order (shortest to longest) and fanning out, it signals a strong trend. The slope coloring provides instant confirmation.

Dynamic Support & Resistance: In an uptrend, look for price to pull back and find support at key MAs (like the 20 EMA or 50 SMA). In a downtrend, use them as areas of resistance.

Crossover Signals: Easily configure two MAs for classic "Golden Cross" (e.g., 50 crossing 200) or "Death Cross" signals.

Automated Chart Monitoring: Set up alerts on critical MAs (like the 200 EMA on a daily chart) to be notified of significant trend changes without having to watch the screen all day.

How to Set Up Alerts (Important Instructions)

This indicator uses the modern alert() function. The setup is simple but specific:

Add the indicator to your chart.

Go to the indicator's Settings. Under the "Alert Settings" tab, check the boxes for each MA you want to monitor (e.g., "Enable MA 4 Cross Alert").

Click the Alert icon (clock) in the TradingView toolbar on the right.

In the "Condition" dropdown, select "Innotrade Octo MA".

In the second dropdown right below it, you MUST select "Any alert() function call".

For "Options," we recommend choosing "Once Per Bar" to prevent multiple alerts for the same event.

Give your alert a name and click "Create".

Your alert is now active and will trigger with a dynamic message whenever the price crosses one of your selected moving averages.

Disclaimer: This indicator is a tool for technical analysis and should not be considered a standalone trading system. Always combine its signals with other forms of analysis and robust risk management principles.

Created by Innotrade