Introduction The lilu - 1. Multiple Time Moving Averages indicator is designed to assist traders by displaying moving averages from various time aligned to the current chart's time By allowing the visualization of multiple moving averages (Daily, 4-Hour, 1-Hour, 15-Minute, 5-Minute) simultaneously, this indicator provides a comprehensive market analysis tool to enhance trading decisions.
Key Features Multiple Time Moving Averages Display Users can individually display moving averages for Daily (1D), 4-Hour (4H), 1-Hour (1H), 15-Minute (15M), and 5-Minute (5M) time. For each time, Simple Moving Averages (SMA) of periods 1, 20, 50, 100, 200, and 300 are calculated and plotted on the chart.
Crossover/Crossunder Alerts and Labels By enabling the enable_cross_alerts option, the indicator will generate alerts and display circular icons when the price crosses above the highest moving average or below the lowest moving average. This feature helps in easily identifying significant trading signals visually.
Bullish Arrangement Background Color Change When the enable_bullish_bg option is activated, the background color of the chart changes when all moving averages are in a bullish arrangement (20 > 50 > 100 > 200 > 300). This visual cue highlights strong upward trends, aiding in trading decisions. Support and Resistance Utilization
Multi-Time Analysis: Provides a holistic view by displaying moving averages from multiple time, facilitating comprehensive market analysis. Automated Signal Display: Automatically marks significant breakout signals, supporting quick decision-making. Visual Support: Highlights strong trends with background color changes during bullish arrangements, making trend identification straightforward. Flexible Configuration: Allows users to freely select which time and moving averages to display based on their trading preferences.