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MARS Indicator

A Simple indicator combining
  • 4 popular simple moving averages; (8, 21,55, 200)
  • A tweaked Parabolic SAR which is indicated by a series of dots starting near previous support & resistance points
  • Support & resistance points which are indicated by red and green horizontal lines
  • A simplified version of the TD sequential. Only including the countdown phase and 8 & 9 perfection

The increasing numbers above the candle indicates how long the market has been trending for.

The numbers 8 and 9 signal a possible turning point, especially if these are coloured yellow.

This indicator can be used on its own if the individual indicators line up. For best results I recommend combining it with volume and oscillators such as the MacD or RSI .

Developed to help see key areas of interest on COINBASE:BTCUSD quickly without needing to draw many manual trendlines in order to trade breakouts or bounces at key levels. But should be useful for any market.


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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