Moving Average Channel
This script display three moving average channels,
main channel (EMA144, EMA169), second (EMA288, EMA338), third (EMA576, EMA676)
This channels can act as support/resisitance, a trade can be setup when price enter and then leave the channel.
There are also other moving averages base on FIbnacci numbers ( 13,21,34,55,89,144,233....), you can use it if you like.
This channels is base on idea of Vegas Tunnel Strategy developed by Vegas.
main channel (EMA144, EMA169), second (EMA288, EMA338), third (EMA576, EMA676)
This channels can act as support/resisitance, a trade can be setup when price enter and then leave the channel.
There are also other moving averages base on FIbnacci numbers ( 13,21,34,55,89,144,233....), you can use it if you like.
This channels is base on idea of Vegas Tunnel Strategy developed by Vegas.
Release Notes:
1. add more common used ma 5,10,30,50,60,100,200
2. change default color for channel
2. change default color for channel