Indicators: Several Moving Average

 

Several Moving Average:

Indicator with several Moving Averages.

Several Moving Average

Author: Дмитрий Кудряшов

 

I do similar thing but make it MUSIC_STAVE.

That is, each of the MA get even height, you can use ruler to measure opposite part.

EMA list will be 7, 20, 38, 62, 100

Beside, make 3 calculated line with 2H-L formula to it

(2*EMA4 - EMA10), (2*EMA7 - EMA20), (2*EMA7 - EMA38)

You will wonder that the calculated line always catch the High/Low of candle, especially on week chart, month chart.

 

put BIG arrow when yellow cross green at close &blue cross green at open for ENTRY

put SMALL  arrow when yellow cross blue at close for EXIST

 

close mean close price. same for open price 

Reason: