This is a Multi Timeframe Moving Average Collection (Scalp Edition).
Why use it?
- Spot cluster of MAs on one chart
- See support and resistance
- Spot "freefall zones"
In the default settings you will get:
20, 100 and 200 MA of the 15min, 1h, 4h, and the 1D chart.
The color indicates significance!
From weaker to stronger...
Force is best described as net buying or net selling pressure. It is measured by weighting volume by the direction and magnitude of period price change. Hence higher volume or big positive price level changes will result in high net buying pressure, vice versa.
The Relative Force Significant Support & Resistance indicator takes it a step further by denoting...
The goal of this study was to use ADX from Higher Timeframe - to determine trend direction
Why? Because ADX is very sensitive, able to show trend ending without any delay, but not in the middle of it.
Being able to see such immediate trend change on higher timeframe, is a great indicator of trend direction.
Adding just security() calls to 'highest', 'lowest' and...
Very simple indicator that allows you to activate:
- up to 3 different Bollinger Bands of same timeframe;
- 1 extra Bollinger Band of a different timeframe than the chart you are looking at;
- up to 2 different Moving Averages of a different timeframe than the chart you are looking at;
- up to 3 extra Moving Averages of same timeframe.
For all MAs you can choose...
![BTCEUR: Multi Timeframe Moving Average Collection | Scalp [aamonkey]](https://s3.tradingview.com/a/aylgtZis_mid.png "Multi Timeframe Moving Average Collection | Scalp [aamonkey]")
