Multi BB (5+5 Moving Averages of Any Type with ) by RagingRocketBull 2018
This indicator shows multiple MAs of any type ( etc) with BB on a chart at the same time with/without MTF support depending on the version.
There are several versions (published later): Simple, MTF, Pro MTF and Ultimate MTF. This is the Simple version. The Differences are listed below. All versions have BB
- Simple: you have 2 groups of MAs that can be assigned any type (5+5)
- MTF: +assign 1 custom Timeframe to any group combo (5+5 Custom TF)
- Pro MTF: +multiple Timeframes for multiple MA groups (4*3 MTF), horizontal levels and show max bars back options
- Ultimate MTF: +individual settings for each MA, multiple Timeframes
You can use different types of MAs as dynamic S/R levels to trade of off and MA crosses as signals for possible trend change (golden/death bull/bear crosses).
Most common MA types are: , , , .
Most common MA lengths are: 12, 20, 26, 30, 50, 100, 200, 400 etc.
- 2 groups of custom 5+5 MAs of any type including ( )
1. based on 3EmaBB, uses plot, fill, stdev and custom functions
2. swma has a fixed length = 4, and linreg have additional offset and smoothing params
Feel free to use. Good Luck!
- fixed hma/wma(src, 0) error when len = 1 by adding a max(2,len) wrapper to hma function
- better screen on script's home page