SMA collector MTF Forecast

16 de jul. de 2019

Hello everyone

Here's the today indicator

That one is a true gift before X-mas. X-mas in July which bundles a lot more than what Santa Claus will offer you in December :)
So without further due, let's dive right in

This indicator will display the following algorithmic SMA :

• SMA 20 Daily
  
• SMA 50 Daily
  
• SMA 50 Daily
  
• SMA 100 Daily
  
• SMA 200 Daily
  
• SMA 20 Weekly
  
• SMA 50 Weekly
  
• SMA 100 Weekly
  
• SMA 200 Weekly
  
• SMA 7 Monthly
  
• SMA 20 Monthly
  
• SMA 50 Monthly
  

Those SMA usually work as big supports/resistances for all tradable assets (forex, index, crypto, stocks, ...)

That's it for the first feature, let's cover the next one

2/ I developped a small optimization to get those labels placed on the right hand side of your screen.
"Is it really useful sir ?" Well, you certainly noticed that looking at a chart on tradingview mobile is not ideal (indicators overlapping, indicator names taking too much space and so on...)
When you'll deactivate the indicator name label display from tradingview, you can activate mine which will look way nicer on your mobile (and even Desktop).

This concept was greatly inspired by scarf : tradingview.com/script/AZ1vAqtl-Long-Term-Levels-4h-D-W-M-Q-Y

3/ Now the cherry on the top of the cherry on the top of the.... cake

You'll have the cool option to display the forecasts for those SMAs based on either current price "flat" or a 3 period liner regressions "linreg".
You can play out with the forecasts options and find out which ones will make the most of sense to you
They're represented by small dots at the very right of the moving averages
This concept was greatly inspired by yatrader2 : tradingview.com/script/x7Oc6bB7-Triple-MA-Forecast

That's a lot to digest but hope it went smoothly

As always if you have any question or feedback or complain or you want to show me some love (please), shoot it in the comments section

See y'all tomorrow for another indicator

Enjoy
Dave