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HoanGhetti

Moving Average Zones

HoanGhetti Updated   
Moving Averages Trend Analysis Support and Resistance zones
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movingaverage trendanalysis supportandresistance zones
Imagine bollinger bands, but instead with multiple customizable moving averages.

MAZ contains moving averages that act as support and resistance. This can lead to potential use for stop loss and take profit decision-making along with potential signs of reversals.

Features
  • Areas of Confluence
  • Display Options
  • Data Window

Default Settings (with Data Window)
snapshot

Areas of Confluence
snapshot
In the photo above, every touch inside a zone increases the brightness of the zone, strengthening the confluence of the zone.
Zones will disappear after a while if no touches have occurred in between a zone within the specified lookback period.
Release Notes:
New Feature
  • Reversal Detection

Reversal Detection checks for rejection wicks off of each zone, and if the customizable conditions are met, send an alert.
snapshot
Release Notes:
Preview Update
Release Notes:
Added
  • Minor Changes
Release Notes:
Fix
  • Error preventing script from running.
  • Removed reversal feature.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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