Almost the same indicator as Distance From 200ma, but values indicate the distance in a percentage of the 200ma value
Plot of the distance from the 200ma. Helpful to identify areas where max distance from the 200ma caused a drop down or jump up to the mean
Sometimes you want to have multiple moving averages in the graph to evaluate your operation.
Here is my alternative for this need and I´m glad to share with you.
This script also has some pivot indicators and can be a good start point to you extend its features.
This is a simple yet very flexible moving average script. There are more than few moving average scripts out there but non of them are as flexible as this one.
This script lets you have seven different moving averages. Each moving average can be set separately, each can :
1- switch the moving average between EMA and SMA
2- set the flat percentage, this setting...
Though this script is by me, the original idea comes from a podcast I heard where Trace Mayer talks about how he does crypto valuation. It is based on current price against the 200 day moving average. This indicator script will simply plot that value as a label overlayed on your trading view chart. Best long term results occur when acquiring BTC when the...
Long Entry
Criteria:
1) Green candle close above 50MA
2) Green candle close above 20MA
3) MA of RSI(14) is cross upward 50
Result: displays green up arrow
Long Exit
Criteria:
1) Three red candles in a row
2) Any candle close bellow 20MA
3) MA of RSI(14) cross downward 50
Result: displays green diamond
Short Entry
1) Red candle close bellow 50MA
2) Red candle...
4 Moving averages contained in one indicator. Based on the recommendation of Alessio Rastani in this video. It includes the 21, 55 & 100 EMAs and the 200 SMA.
I have also included the close for using setting up "cross" alerts with each of the MAs.
![XBT: 6x MA [Daniel]](https://s3.tradingview.com/z/zLzkPuNj_mid.png "6x MA [Daniel]")
