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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.

Want to use this script on a chart?

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