📈 Moving Averages & Bollinger Bands Indicator - SMA & EMA MultiFrame 🔹 Description: This indicator combines Simple Moving Averages (SMA), Exponential Moving Averages (EMA), and Bollinger Bands, providing a clear view of market trends and potential volatility zones.
🔹 Features: ✅ Includes 5 configurable SMAs (50, 8, 200, 20, 800 by default). ✅ Incorporates 3 configurable EMAs (45, 9, 200 by default). ✅ Implements Bollinger Bands with different standard deviation levels (2.0, 2.5, and 3.0). ✅ Ability to enable or disable each MA/EMA individually. ✅ Customizable colors for better readability.
🔹 How to use it? 📊 Trend Identification: EMAs and SMAs help recognize market direction. 📈 Dynamic Support & Resistance: Bollinger Bands indicate areas of high and low volatility. ⚡ Entry & Exit Signals: Moving average crossovers can signal potential trade opportunities.
🔹 Recommended Settings:
Short-term traders can use a combination of SMA (8, 20, 50) and EMA (9, 45). Long-term investors can watch the SMA 200 and EMA 200 as macro trend indicators. 📌 Code available in Pine Script v5 Add it to your TradingView and enhance your technical analysis! 🚀