This is an improvement over my previous MA20 High Low Magic Band, as it keeps a central 20 MA reference point. So it can help find the up from MA20 lows and down from MA20 highs resisted or supported by MA20 average before final entry. Usable in any time frame of choice - 15m, 30m, Hourly or Daily. In the Hourly / Daily time frame, the signal used with the volume...
MA 20 period Magic Band - based on Highs and Lows (as opposed to Close), can be used on any time frame for a better grip on price action.
Average lines on parametric period and default 10,20,50,100.
Simple Moving Average (MA) indicator to assist newbies traders. Suitable to forecast uptrend sign. Yellow - MA5 > MA10 - beginning of uptrend Green - MA10 > MA20 - uptrend increase Cyan - MA20 > MA50 - strong uptrend Dot / Small Circle - line MA20 Line MA50 (purple) above line MA200 - bullish and strong Uptrend --------------------------- Indicator...