Blockcircle Waveform Bands

This is a Multi-Band Moving Average Indicator, a versatile and custom technical analysis tool that enables traders to monitor various moving average bands to make well-informed decisions about their asset investments. By examining the relationships between simple moving averages (SMAs) and exponential moving averages (EMAs) of different periods, traders can gain deeper insights into market trends, allowing them to identify potential entry and exit points with greater accuracy.

This comprehensive indicator combines the benefits of both lagging and leading indicators, with SMAs providing a more stable overview of historical price trends, while EMAs respond more swiftly to recent price movements. Users can easily configure the exact periods for each moving average in the indicator's parameter settings, tailoring the tool to their individual preferences and trading strategies.

Understanding the relationship between various moving averages, such as the 10-Day SMA and 50-Day SMA, or the 1-Day and 10-Day SMA, allows traders to gauge short-term trends relative to long-term trends. For instance, when the 10-Day SMA crosses above the 50-Day SMA, it may signal a bullish trend, whereas a cross below the 50-Day SMA might indicate a bearish market.

Similarly, examining the connection between the 1-Week SMA and the 200-Week SMA can provide valuable information on long-term trends and potential trend reversals, further enhancing traders' abilities to make informed decisions.

We, at Blockcircle, like to say that "easy mode" is when the current price is decisively closing above the 8 Month EMA and has successfully retested that level, at that point, we typically have a few months of blissful green up and up

Nota Keluaran

Optimized the code and improved the stylistic output

Nota Keluaran

Updated the EMA-35 to EMA-30 in both the default value in the Inputs and the Style (displayed output) as that is much more useful to track trends.

It is important to pay particularly close attention to the relationship of the 8EMA and the 30EMA and the 60EMA, and crossover between the current daily close price and those bands

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Blockcircle Custom Technical Indicator Only Available to Blockcircle Members

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