OPEN-SOURCE SCRIPT
4 MAs
The 4 MAs indicator is a moving average crossover tool designed to identify market trends and provide potential entry and exit signals. By plotting four simple moving averages (SMAs) of different periods, this indicator helps traders understand both short-term and long-term market dynamics. It is particularly suited for trend-following strategies and can be applied across various timeframes, such as daily, hourly, or intraday charts.
Features:
1. Moving Average Visualization:
- Short-term Moving Averages (MA 5 and MA 10): Highlight short-term market fluctuations.
- Mid-term Moving Average (MA 15): Serves as a reference for medium-term trends.
- Long-term Moving Average (MA 30): Represents the broader market trend.
2. Trend Signal Detection:
- Bullish Signal: When the 5-period moving average crosses above the 30-period moving average (golden cross), a yellow upward arrow is displayed below the price bar, indicating a potential uptrend.
- Bearish Signal: When the 5-period moving average crosses below the 30-period moving average (death cross), a red downward arrow is displayed above the price bar, signaling a potential downtrend.
Key Advantages:
- Multi-timeframe Versatility: Works well on various timeframes, making it suitable for both short-term scalping and long-term trend analysis.
- Simple Visualization: Clear signals and trend identification through color-coded moving averages and signal arrows.
- Customizable: The SMA periods can be adjusted to align with the trader's preferred strategy or market conditions.
Features:
1. Moving Average Visualization:
- Short-term Moving Averages (MA 5 and MA 10): Highlight short-term market fluctuations.
- Mid-term Moving Average (MA 15): Serves as a reference for medium-term trends.
- Long-term Moving Average (MA 30): Represents the broader market trend.
2. Trend Signal Detection:
- Bullish Signal: When the 5-period moving average crosses above the 30-period moving average (golden cross), a yellow upward arrow is displayed below the price bar, indicating a potential uptrend.
- Bearish Signal: When the 5-period moving average crosses below the 30-period moving average (death cross), a red downward arrow is displayed above the price bar, signaling a potential downtrend.
Key Advantages:
- Multi-timeframe Versatility: Works well on various timeframes, making it suitable for both short-term scalping and long-term trend analysis.
- Simple Visualization: Clear signals and trend identification through color-coded moving averages and signal arrows.
- Customizable: The SMA periods can be adjusted to align with the trader's preferred strategy or market conditions.
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