Мarket Breadth LabelsHistory and credits
The idea about this indicator, came from a friend teodorgun. www.tradingview.com
Special thanks to QuantNomad, whose courses got me started on programming on PineScript. www.tradingview.com
What it does
The indicator plots various values from market breadth indicators.
It shows the % stocks above certain moving averages for different indexes.
The first 3 cells, display the Advance Decline Ratios:
1. Total Advance Decline Ratio
2. NYSE Advance Decline Ratio
3. Nasdaq Advance Decline Ratio
- coloring for these is simple (value > threshold = color is green, value < threshold = color is red)
The rest of the columns display % stocks above the moving averages.
For example a value of 20 in column 4 ("Stocks above 5D MA), means that only 20% of the stocks are above their 5D moving average.
Line 1 shows current value of the indexes.
Line 2 shows value 5days ago (assuming that 5 trading days = 1 trading week).
- Line 1 Coloring: coloring here is divided between 2 tresholds ( value < lower treshold = color is red, value > lower treshold AND value < higher treshold = color is yellow, value > higher treshold = color is green)
- Line 2 Coloring: no coloring logic is applied here.
How to use it
There are several techniques for breadth indicators, many can be read online, but generally these indicators are considered contrarian. This means that high values indicate overbought conditions and low values indicate oversold conditions.
Moving
MAROC Fast/SlowNot sure if a similar indicator already exist, so I created my own. After creating this indicator, I realize it looks very similar to MACD. However, it strictly uses Hull moving average in its calculation for the lines.
MAROC is simply Moving Average Rate of Change. This is a trend-following indicator that calculates the rate of change on two Hull moving averages. By default it calculates the ROC on 60-period HMA (green and red) and 180-period HMA (blue and orange). The zero line represents the confirmation of change in trend. Above zero is up trend and below zero is down trend. Note the difference between the "trend reversal" and the "confirmation of a trend". I like to define trend reversal by the change in direction
The colored squares on the zero line has 4 colors that represents the overall trend. Here I include the slowdown of MAROC as the start of a trend.
- bright green = when both the slow and fast MA are trending up
- faded green = when slow MA trending up, but fast MA trending down
- faded red = when slow MA trending down, but fast MA trending up
- bright red = when both the slow MA and fast MA are trending down
Trend changes triangles are shown to signal the change in trend direction (trend reversal). Green and blue triangles are trend reversal to the upside. Red and orange triangles are trend reversal to the downside.
This indicator includes the option of displaying buy(long) and sell(short) signals that follows these rules. Use at your own discretion, as it may not apply well with your market or ticker.
- Long = Bright green square and either fast or slow MAROC changes trend direction to the upside
- Short = Bright red square and either fast or slow MAROC changes trend direction to the downside
Enjoy~! Please let me know if you find this useful and which market / ticker and timeframe you are using it on~ :)
Fibonacci Moving AverageThe Fibonacci Moving Average is a powerful indicator that takes into account many underlying moving averages to give out an approximate short-term/long-term view of the markets. Its strength lies with dynamic support and resistance levels. I have created this indicator in order to improve trend-following entry positions.
Arch1tect's New ToyDescription:
Arch1tect's New Toy tries to predict market trends by simply utilising 2 moving averages crossovers.
How it works:
Buy signals are triggered when the faster MA crosses over the slower MA from the downside to the upside.
Sell signals are triggered when the faster MA crosses under the slower MA from the upside to the downside.
How to use:
Take buys when buy signal is triggered AND close existing sell position
Take sells when sell signal is triggered AND close existing buy position
Note:
Settings are optimised for XAUUSD on the M1 chart.
Extra:
Alerts are included.
You can toggle between EMA , WMA and SMA to your liking.
Strategy Tester version:
Overlay Indicators (EMAs, SMAs, Ichimoku & Bollinger Bands)This is a combination of popular overlay indicators that are used for dynamic support and resistance, trade targets and trend strength.
Included are:
-> 6 Exponential Moving Averages
-> 6 Simple Moving Averages
-> Ichimoku Cloud
-> Bollinger Bands
-> There is also a weekend background marker ideal for cryptocurrency trading
Using all these indicators in conjunction with each other provide great confluence and confidence in trades and price targets.
An explanation of each indicator is listed below.
What Is an Exponential Moving Average (EMA)?
"An exponential moving average (EMA) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving average. An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average (SMA), which applies an equal weight to all observations in the period.
What Does the Exponential Moving Average Tell You?
The 12- and 26-day exponential moving averages (EMAs) are often the most quoted and analyzed short-term averages. The 12- and 26-day are used to create indicators like the moving average convergence divergence (MACD) and the percentage price oscillator (PPO). In general, the 50- and 200-day EMAs are used as indicators for long-term trends. When a stock price crosses its 200-day moving average, it is a technical signal that a reversal has occurred.
Traders who employ technical analysis find moving averages very useful and insightful when applied correctly. However, they also realize that these signals can create havoc when used improperly or misinterpreted. All the moving averages commonly used in technical analysis are, by their very nature, lagging indicators."
Source: www.investopedia.com
Popular EMA lookback periods include fibonacci numbers and round numbers such as the 100 or 200. The default values of the EMAs in this indicator are the most widely used, specifically for cryptocurrency but they also work very well with traditional.
EMAs are normally used in conjunction with Simple Moving Averages.
" What Is Simple Moving Average (SMA)?
A simple moving average (SMA) calculates the average of a selected range of prices, usually closing prices, by the number of periods in that range.
Simple Moving Average vs. Exponential Moving Average
The major difference between an exponential moving average (EMA) and a simple moving average is the sensitivity each one shows to changes in the data used in its calculation. More specifically, the EMA gives a higher weighting to recent prices, while the SMA assigns an equal weighting to all values."
Source: www.investopedia.com
In this indicator, I've included 6 popular moving averages that are commonly used. Most traders will find specific settings for their own personal trading style.
Along with the EMA and SMA, another indicator that is good for finding confluence between these two is the Ichimoku Cloud.
" What is the Ichimoku Cloud?
The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on the chart. It also uses these figures to compute a "cloud" which attempts to forecast where the price may find support or resistance in the future.
The Ichimoku cloud was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s.1 It provides more data points than the standard candlestick chart. While it seems complicated at first glance, those familiar with how to read the charts often find it easy to understand with well-defined trading signals."
More info can be seen here: www.investopedia.com
I have changed the default settings on the Ichimoku to suit cryptocurrency trading (as cryptocurrency is usually fast and thus require slightly longer lookbacks) to 20 60 120 30.
Along with the Ichimoku, I like to use Bollinger Bands to not only find confluence for support and resistance but for price discovery targets and trend strength.
" What Is a Bollinger Band®?
A Bollinger Band® is a technical analysis tool defined by a set of trendlines plotted two standard deviations (positively and negatively) away from a simple moving average (SMA) of a security's price, but which can be adjusted to user preferences.
Bollinger Bands® were developed and copyrighted by famous technical trader John Bollinger, designed to discover opportunities that give investors a higher probability of properly identifying when an asset is oversold or overbought."
This article goes into great detail of the complexities of using the Bollinger band and how to use it.
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This indicator combines all these powerful indicators into one so that it is easier to input different settings, turn specific tools on or off and can be easily customised.
Arch1tect's New Toy (Strategy Tester Version)Description:
The version of Arch1tect's New Toy indicator with Strategy Tester added.
This indicator tries to predict market trends by simply utilising 2 moving averages crossovers.
How it works:
Buy signals are triggered when the faster MA crosses over the slower MA from the downside to the upside.
Sell signals are triggered when the faster MA crosses under the slower MA from the upside to the downside.
How to use:
Take buys when buy signal is triggered AND close existing sell position
Take sells when sell signal is triggered AND close existing buy position
Note:
Settings are optimised for XAUUSD on the M1 chart.
Extra:
Alerts are included.
You can toggle between EMA, WMA and SMA to your liking.
Indicator version:
Vision Essentials - MACDVision Essentials - MACD is the second indicator in our Essentials pack. It's a fully customizable MACD indicator with some extra perks the Vision team feels provides helpful & simplified insight when studying a chart.
What makes this indicator different?
Under the Standard mode you'll feel right at home compared to a standard macd indicator. Our Advanced mode is where things change a bit more. Under Advanced mode outside of the visual customization we provide visual outputs identifying bullish/bearish crossovers of the macd & signal, and track the high and low points of the macd with a second set of colors which users can customize. We also plot text in these areas so there's a clear indication of what the changing colors mean.
How do I use this indicator?
To start, it's best you have an understanding of what MACD (moving average convergence divergence) is. There are lots of great educational ideas here on TradingView which we recommend absorbing. We highly recommend you start with this article directly from the TradingView Help Center
Settings
MACD Mode - Standard provides you with a closer to traditional style MACD whereas Advanced at a glance highlights areas such as crossover points, highs, lows, and current direction relative to histogram movement.
MACD Settings - Select the source & values used for the macd calculations. close is the most commonly used source, and 12/26/9 are the most common length values. Adjust these to see how the indicator behaves. Lowering the fast and slow values will result in more activity, but be aware that doesn't = more accuracy.
Standard Visual Settings - STANDARD MODE: These settings will adjust the color you want to use as an indication of bullish & bearish movement.
Advanced Visual Settings - ADVANCED MODE: Use these settings to adjust the color you want to use as an indication of bullish, bearish, recent macd highs, recent macd lows, and text color.
High/Low Distance - ADVANCED MODE: This setting defines how far back the indicator looks to find the most recent highs/lows of macd.
Enable Crossover Bars - ADVANCED MODE: This settings enables the vertical bars that connect the center of the histogram to the macd/signal "wave" to indicate where crossovers are happening.
Papercuts Dynamic EMA - Relative Parameter FunctionThe goal of this is to link two parameters of different known low and high values so one affects the other.
In this case, I want to link Relative Volume to the length of an EMA, so it responds faster in times of high volume.
As an animator I am used to linking values in this way with Maya using a set driven key, took some work to figure it out in pine.
Looking up this concept, it has a few names, Relative values, linear interpolation, or rescale values.
Thanks to pinecoders for writing the EMA funciton that can accept length variables!
Here's a quick look at the root function to link the two values.
f_relativeVal(_source, in_bot, in_top, out_bot, out_top) =>
// float _source: input signal
// float in_bot : minimum range of input signal.
// float in_top : maximum range of input signal.
// float out_bot : minimum range of output signal.
// float out_top : maximum range of output signal.
clampSrc = _source > in_top ? in_top : _source < in_bot ? in_bot : _source //claps source to create a controlled range
//relInput = (clampSrc - in_bot) / (in_top - in_bot) * 100
inDiffIncrement = (in_top - in_bot)
outDiffIncrement = (out_top - out_bot)
out_bot + (clampSrc - in_bot) * outDiffIncrement / inDiffIncrement // rescale input range to output range
Complete MA DivisionThis indicator simply divides two moving averages and calculates the slope of the resulting curve to show when an asset's momentum is slowing down. The original idea was in a recent youtube video by Ben Cowen . His indicator didn't show the complete history of the moving average, so I wanted to try a little trick to get the moving averages at the beginning of time even when using a large moving average period. I accomplished this by counting the number off current bars using the cum() function. After the count is hit, the period will be constant.
Changing the curve smoothing will smooth the actual curve. Both moving average periods should be divisible by the curve smoothing.
Changing the slope smoothness will dictate when the slope is starting to slow down. Keep this high to break through the noise.
Start of Red = Good time to sell
Start of Green = Good time to buy
There is a weird issue with the smoothness of the line so just keep your moving averages divisible by the curve smoothing. I couldn't figure that issue out yet.
Trend System Multiple Moving Averages RatingThis is a trend system made with multiple moving averages designed especially for trending markets such as stocks or crypto.
It can be used with any timeframe.
Its made of multiple moving averages such as
Simple
Weighted
Volume Weighted
Exponential
Double EMA
Arnaud Legoux
Hull MA
Smoothed
Least Squares
Kaufman Adaptive
Triple EMA
Zero Lag
Fractal Adaptive
Variable Index Dynamic Average
Jurik Moving Average
Tillson
Triangular
Avg of all moving averages
It has also a rating, making an avg from all of the moving averages , going from -100 (all ma's are telling to go short ) to 100 ( all ma are telling to go long).
If you have any questions let me know !
[A7] Fibonacci EMAs (8,21,34,55,89,233) Fibonacci EMAs (8,21,34,55,89,233)
Fibonacci Exponential Moving Averages
8 - aqua
21 - green
34 - blue
55 - yellow
89 - purple
233 - red
BT Astrology Indicator by Imthiaz007
BT-Astrology Indicator is fine tuned indicator to calculate and draw daly support and resistance based on Gann level for intraday trade or swing trade.
The original Idea is given by Mr. Alex from Badshai Trading; I am a Software Developer by profession so that I just coded it and add some signals for back testing.
I also add following Indicator for better view:
a) Simple Moving Average
b) VWAP
c) Bollinger Band
The Input section of the Indicator :
SMA :- Length 35 as per Mr. Alex suggestion
Minutes : Enter minutes in terms of number of minutes on which VWAP value will be taken for calculating the levels.
By default it will be 20 means VWAP value of 9:35 AM candle will be consider for drawing levels.
How it works ?
Buy : When resistance is broken with higher high formation and candle is above 35 SMA
Sell : When support is broken with lower low formation and candle is below 35 SMA
Hope you like it!!!
Moving Average Ribbon [TheBearFighter]
This code was written using:
•Pine Script Coding Conventions.
This script provides a very useful tool for new community users and professionals. It puts at your disposal a Moving Average Ribbon by hand to graph and easily find the ones with the highest performance. The creation of this script was motivated because in free TradingView accounts there is a limit of 3 indicators by chart, and with this tool you can draw up to 32 MA's at the same time!
Choose one of 10 types of MA´s:
•KAMA Kaufman's moving average.
•HULL Hull moving average.
•TEMA Triple exponencial moving average.
•LSMA Least square moving average.
•DEMA Double exponencial moving average.
•ALMA Arnaud Legoux moving average.
•WMA Weighted moving average
•EMA Exponencial moving average.
•VWMA Volume Weighted moving average.
•SMA Simple moving average.
Use the tooltips to know the lengths of MA´s.
A main characteristic of the script is that the lengths are in days but when changing the lowest timeframes, the same daily resolution is maintained. This gives us extreme precision in intraday timeframes, e.g 30 minutes.
Once this is understood, we can turning the MA´s on/off, and changing the timeframe to our liking.
Available timeframes: M, W, D, 4H, 1H, 30m, 15m, 5m.
Also the MA´s are colored for easy visualization and know if they grow or decrease.
Thank´s to @midtownsk8rguy to let me know more about HEX colors.
Thank´s to @HPotter for his KAMA.
Wide BarsSimple scripts show the wide range bars within in the look back period, visualizing the bigger momentum.
Added four exponential moving averages which define the trend of the instrument.
Wide range candles in the direction of overall trend on higher timeframes; give confluence of higher participation in the same direction.
Note : Decent volume above the average volume with wide range candle adds more value.
[Sidders] MACDEMASAR IndicatorCame across a cool idea for a strategy that couldn't find in the indicator database, so decided to code it up myself for your pleasure.
Indicators consists of 3 indicators: EMA(200) to determine the overall trend, and the MACD & Parabolic SAR to determine entries (and exits).
Long entry contains 4 conditions and is generated when price is above the 200EMA (1), the MACD crosses above the signal line (2), while they are both below 0 line (3) and when the parabolic SAR is below the closing price of the bar (4).
Short entry is build up the same but in reverse: price is below the 200EMA(1), signal line crosses below the MACD line (2), while they are both above the 0 line (3) and when the parabolic SAR is above the closing price of the bar (4).
Place the stoploss on the parabolic SAR dot below/above the candle that created the signal. Profit target 1:1 risk:reward ratio, but can ofcourse be changed according to your risk apetite. Might add automatically drawn SL/TPs in a later update.
Concept behind the strategy should work on all timeframes, but will require proper backtesting. I think with additional filters the strategy can also be way more finetuned and profitable, personally haven't had the time yet to dive into that.
Have also added alerts for your convenience.
Enjoy!
Tradingview ToolkitA new trader's biggest barrier to entry is lack of understanding where they are in terms of time and price and with tradingview free they are often limited to just 1 or 2 extra indicators as many new traders slap on RSI and MACD as 2/3 free ones. While these indicators are fine for trend analysis, its important to know where the price is in relation to time. Thus, this all-in-one script is meant to have a lot of customizable utility to save on indicator spots and act as a hotspot for many common needs.
-2 Sets of VWAP line w/ standard deviation bands with customizable timeframes.
-1 more customizable timeframe VWAP line (no std dev bands) to use as a long time frame reference
-Ability to plot previous VWAP close prices over current timeframe on all VWAP lines w/ basic color changing if price closes above/below
-2 Sets of Bollinger Bands with customizable source length and MA type
-3 customizable moving averages with custom timeframe/resolutions
-Inside candle barcolor repainter to easily notice if a candle was inside the range of the previous candle (price contraction)
Not meant to have everything on at once, but simply a place to enable and disable different things and save spots for more important things
Moving Average Slope AnalysisThis is a simple script which allows to do slope analysis on any kind of Moving Average. Simply change the moving average function that you wish to work with , in the script.
Slope analysis may be required for fine-tuning trade automation software , which uses Moving Average for determining optimum enter/exit point.
Read code comments for instructions!
Moving Average Buy/Sell IndicatorUsing a selected Exponential Moving Average (EMA)/Simple Moving Average (SMA) range, this indicator inserts a Long/Short (buy/sell) indicator overlaid on chart depending on the following conditions:
- LONG/BUY SIGNAL = if SMA value is less than EMA, and both the SMA and EMA are less than the current average price.
- SHORT/SELL SIGNAL = if SMA value is greater than EMA, and both the SMA and EMA are greater than the current average price.
**Intended for use with the 21 and 34 weekly moving average time range. Much more useful for long-term analysis rather than short-term analysis.**
Moving Average Crossover with Shading Signals This script uses 3 moving averages (2 simple moving averages and 1 exponential moving average ) to signal long and short opportunities based on moving average crossovers.
A long SMA (Signal SMA2) is used to determine longer term trend. When the EMA crosses above the Slow SMA1 and price is above the Signal SMA2. The space between the moving averages will shade green and the Signal SMA should also be green.
A sell signal occurs when the EMA crosses below the Slow SMA1 and price is below the Signal SMA2. The space between the moving averages will turn red and the Signal SMA should also be red.
A retracement, consolidation, or reversal may be occurring if the shaded color is yellow.
Use the identifying shapes to learn when to open or close positions.
Dankland Playground Moneymaker - V2“version 2” of my playground bot script. Its essentially a powerhouse suite of strategies. Although it is similar to the previous script, it nets different results as sections have been changed. Such as the somewhat reluctant removal of the Chande Momentum... The RSIs have also been updated, this was one of the main changes. RSIS now include a Moving Average cross of RSI to generate signals above and below the given thresholds instead of simply on crossing a threshold. This should give greater functionality overall. Most functions including Moving Averages have been updated to include a wider range of kinds of moving averages. This includes not just the moving average cross, but MACD and RSIs as well. I tried to perform the same upgrade on the %B, Stochastics and SMI, but hit the unpacked code limit of 60,000 lines... So, more “versions” will have to come for future “upgrades”, with the recognition that there will be cases where the old, “downgraded” versions may perform better and that some people (like myself) may continue to use them on some markets until I/we devise superior settings on the new ones for said markets. For instance, instead of replacing my 1 hr BTCUSD bot (where I used the now deleted Chande to pretty pleasing affect...) I made a new one for LINKUSD 10 min so I can have both running for now and work on replacing the BTCUSD later.
How it works basically is this... you have 16 oscillators which can all be used as independently as you wish. They can be split up into different groups or ran all together.
When in separate groups they should not be able to sell eachothers positions without triggering a full stop loss by turning the Independence/Stop All switches on. Every single oscillator has its own entry and exit position sizing which can be stated as either a percent of balance or a flat amount of contracts (or both combined). Each oscillator has a minimum amount of profit you can tell it to sell it, which is calculated from the average cost of your current position, which does include all groups. This works out to help you average out better entry and exit prices, essentially a method of DCAing.
You can set the minimum sale amount, which is to keep it from placing orders below your exchanges minimum dollar trade cost.
All this functionality combined also ensures more accurate back tests by ensuring that the script simply cannot spend money it doesn't see as in the balance, whereas other scripts will use a percentage of equity, and once 100% of your equity is in BTC for instance, it will keep buying more BTC for free and thus spoof up backtest numbers. If you look through the strategies here, many people claim to have amazing scripts and then you look into it and this is happening and skewing their numbers. These people are either very ignorant or what they made or scam artists and trolls in my opinion.
This version also includes On Bar Close switches for each oscillator. When switched on, signals are only allowed to generate on Bar Close. This helps to prevent retriggering from live signals, which when you are running this many oscillators, will become a problem! However, in most cases, you do not need to generate signals intrabar, as backtests will show, ignoring intrabar buys and sells (intrabar stop losses can still be very important though!) won't exactly keep you from high profitability strategies, but rather, allowing elements of chaos from live indicators moving up and down intrabar will, in fact, drift your actual results further and further from the backtest. You want an accurate backtest though. So choose wisely when you turn these off and you will do better.
The included oscillators are as follows:
NO MORE Chande Momentum cross – REMOVED – I was hitting PINE code limits here so I had to make choices and this one simply had to go. Begone!
Moving Average Cross
MACD cross
%B Bollinger cross
Stochastic cross + region filter
Stochastic RSI cross + region filter
SMII cross and region filter
Three RMIs
Know-Sure-Thing line-cross
Coppock Curve line-cross
TRIX line-cross
RSI of MA w/ MA cross
RSI of MA of KST w/ MA cross
RSI of MA of Coppock Curve w/ MA cross
RSI of MA of Trix w/ MA cross
So the idea is that this is essentially multiple strategies combined into one backtestable house. Balance is calculated for all position sizes in order to try to prevent false entries that plague so many scripts (IE, you set pyramiding to 2, each buy $1000, initial balance $1000, and yet it buys two orders off the bat for $2000 total and nets 400% profit because the second was considered free, happens on 90+% of scripts on Tradingview if you aren't very very careful!)
You tune each indicator and position size them so that they work together as well as you can and in doing so you are able to create a single backtest that is capable of running a bot, essentially, between multiple strategies - you can run a slower Moving Average cross, a faster SMI cross or MACD , or Bollinger that grabs big moves only, all the while having MACD trade small bonuses along the way. This way you can weight the Risk to Reward of each against eachother.
I will not try to claim this is something you can open and with no work have the best bot on the planet. This scripts intention is to take a lot of relatively common trading strategies and combine them under on roof with some risk management and the ability to weigh each against eachother.
If you are looking for a super advanced singular algorithm that tries to capture every peak and valley exactly on the dot, this is not for you. If you are looking for a tool with a high level of customizability, with a publisher who intends to update it to the best of his ability in accordance to seeking to make the best product that I personally can make for both myself and the community (because I will be using this myself of course!) that was specifically designed with the intention of performing well in spot markets by averaging low entry costs and high exit costs, this is for you! That is the exact intention here. It can certainly work with margin, but you will have to take extra care in setting your stop losses. I intend to make a version capable of going short which will be included as part of the package. It may take some work to keep all of the risk management working as well for shorts though. There will be more scripts added to the “package” as I hit the limit on this one a few times and have had to keep some ideas out already.
The current backtest shown is hand-optimized by myself for Link /USD 10min market (Binance US – shouldn't need much work to fit to other exchange markets) with multiple stop losses.
Stepping MAInput desired timeframe and etc
Ex: Timeframe Daily
Input 100
Will display daily moving of 100 on every timeframe
Trend Indicator A-V2 (Smoothed Heikin Ashi Cloud)"Trend Indicator A-V2" and "Trend Indicator B-V2" are updated and improved versions of my initial trend indicators. Totally rethinking the code, adding highs and lows in the calculations, including some more customisation through colour schemes.
In practice, this indicator uses EMAs and Heikin Ashi to provide an overall idea of the trend.
The "Trend Indicator A-V2" is an overlay showing “Smoothed Heikin Ashi” .
The "Trend Indicator B-V2" uses the same values in a different way to measure the momentum of the trend and identify potential trend rejections.
Please, take into account that it is a lagging indicator.
Moving Average BandsUse this script to find buy and sell zones for BTC based on momentum of the move relative to the average asset price over a given period. The script plots a series of offset bands above and below the Simple Moving Average. When price crosses another band further from the SMA, the background is rendered brighter. The brighter the background, the stronger the buy and sell signal is, as the expectation is that price wants to return to the SMA. Settings are adjustable to fine tune to various time frames and assets. Good settings for BTC Daily are length 30, layers at 10, 20, 30, and 40.
On 1H BTC/USD I use length 200, layers at 5, 10, 15, 20 to find decent swing trading opportunities.
On BTC/USD 1D chart, combine with Bitcoin Logarithmic Growth Curve from @mabonyi (original by @quantadelic )for confluence of very reliable signals.
