Moving Average - fade when crossed [cajole]

This indicator simply provides a moving average (SMA, EMA, etc. can be selected) which hides itself when touched by the price.

Two potential uses:

• Set the growth rate to be slow, to highlight only very rapid moves on a chart.
  
• Use the default settings and change the averaging period until the MA line remains bright. This MA can then act as a good trailing stop for the specific security.
  

TradingView does not remember indicator settings for specific charts. Consider adding a text label to your chart after you identify the ideal trailing stop. Similar trailing-stop methods are recommended by Kristjan Qullamagie is identical to Jesse Stine's "magic line" concept.

Phát hành các Ghi chú:

Add an option to label the last value. Useful when using the script as a trail stop.