Multi-Timeframe Dual MA Downside Detector

12 saat önce

This indicator is designed to highlight potential downside moves using two customizable moving averages (MA1 and MA2) across multiple timeframes. It works on any chart and provides a visual cue when the price is trading below both selected moving averages on a red/down candle.

Key Features:

Dual Moving Averages: Supports EMA, SMA, VWMA, and HMA for both MA1 and MA2.

Multi-Timeframe Support: Each moving average can be calculated on a different timeframe, allowing higher timeframe trend context on lower timeframe charts.

Downside Detection: Highlights candles where the close is below both moving averages and forms a down candle (close < open).

Visual Signals:

Plots MA1 (orange) and MA2 (blue) on the chart.

Colors the downside candles blue when the price is below both MAs.

Customizable: Easily adjust the MA type, length, and timeframe to suit your trading style.

Usage:

Helps identify strong bearish conditions or potential pullbacks.

Can be combined with other technical analysis tools for trend confirmation.

Works across any market, instrument, or timeframe

11 saat önce

Sürüm Notları

Update correct side

11 saat önce

Sürüm Notları

Update arrow for cross over, when using this make the body color transparent

11 saat önce

Sürüm Notları

Update the bars signal direction