One no-fuss indicator for SMA for 6 different time period (10, 20, 50, 100, 200, 250), styled with sharp and thin line for shorter time period to light-coloured and wide line for longer time period.
Its a graph for detecting the SMA cross points.
When short SMA crosses the long SMA downside up it may be a buy signal and the opposite is may be a sell signal.
I was checking the formula of built-in " cci " function and decided to publish a more customizable version of the Commodity Channel Index, so you can play with levels and a bunch of different sources.
If someone doesn't know what is this:
This indicator was originally developed by Donald R. Lambert ( "Commodities" magazine, 1980) to identify cyclical or...
50, 100, and 200 simple moving averages in a single indicator. Fixed versions published by other members where 100 and 200 were plotted incorrectly and overlaying each other. Also removed close plot.
What is this tool?
This tool is a performance scanner of the crossover trading system that is based on the two simple moving averages (SMA). It uses a decision tree-based algorithm under the hood to find and plot the most profitable periods of the SMA combination.
It analyzes the range of periods between 4 to 45 and backtests each combination across the...
Introduction
A popular use for moving averages is to develop simple trading systems based on moving average crossovers. A trading system using two moving averages would give a buy signal when the shorter (faster) moving average advances above the longer (slower) moving average. A sell signal would be given when the shorter moving average crosses below the longer...
Plot all of the most important SMA values.
SMA 5, 8, 13 are based on Fibonaci values and frequently used in day trading frequently.
SMA 50, 100, 200 are important support/resistance lines.
Especially, SMA 50, 100, 200 are the most important support/resistance on BTC 1W. Dont forget to look at the weekly prices when trading :)
This script allows up to 10 moving averages to be customised and plotted.
You can set the number of days used in the calculation from: 1 to 999.
Choose between :EMA, SMA , WMA for each MA.
Set source value: open, high, low, close, hl2 , hlc3, ohcl4.
Adjust the colour and line style to suit your taste.
Each MA can be enabled / disabled with the click of a button.
This script gives you up to 5 EMAs and 5 SMAs with custom length, close and color parameters.
Also, you can set up to 3 SMA with fixed, static timeframe input nondependent of the chart timeframe.
So, for example, you can set your chart to 5 min timeframe and see where 1D, 30D, 200W MA is.
Enjoy!
This script gives you up to 5 EMAs and 5 SMAs with custom length, close and color parameters.
Also, you can set up to 3 SMA with fixed, static timeframe input nondependent of the chart timeframe.
So, for example, you can set your chart to 5 min timeframe and see where 1D, 30D, 200W MA is.
In essence this Renko trading system is the following:
1. Momentum based entries
2. Trend trading system (small losses, big wins)
3. As well as a trend continuation system
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!IMPORTANT!
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- You MUST have a Pro+ account. Why? Cause Renko NEEDS to run on 1min or 5min chart, nothing larger.
If you...
