[naoligo] 12x MA DT (5, 15, 30 & 60)

11 dic 2017

This indicator is based on "Generic 8x MA Plotter", by @LazyBear.
It is also based on my own indicator "10x MA (H, D, W, M)", which is good for Swing Trading and/or Position.

This one is focused in daytrade and it will plot three Moving Averages based on current time interval (under 5 minutes) and nine based on chosen periods by 5, 15, 30 and 60 minutes. You will be able to see where is, for example, a 50 period's SMA of 15 minutes when using a 2 minutes time interval chart. I find it very useful to analyze, in a snap, possible price ranges and enter/exit points. All reference values are from setups known and used by daytraders.

you can choose between EMA or SMA (default: SMA) for each time interval, that are distributed in:

3x MA current time interval;
3x MA 5 minutes;
2x MA 15 minutes;
2x MA 30 minutes;
2x MA 60 minutes.

I've tried to keep the code as simple as possible, so you can increase the number of MA or modify the type for each time interval.

Cons: Use it wisely, because if you choose to plot all the 12 Moving Averages, it will may consume a lot of your navigator resources.

Enjoy!