A script for having two averages at the same time, a fast and a slow one (periods customizable by the user) and in order to analyze all the MA conditions of trend confirmation and crossovers.
The script provide the following information:
1) Buy/Sell alert when the fast MA crosses the slow MA through a cross on the chart and a Buy/Sell arrow on the chart 2) Bullish/Bearish trend confirmation through green/red area 3) Bullish/Bearish price crossovers through a circle on the chart and a Bullish/Bearish label 4) Support/Resistance areas through a blue area drawn on the chart
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Removed commented code
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Added dynamic choice of SMA and EMA
Added dynamic choice of support/resistance area
Added dynamic choice of bullish/bearish market detenction