Given the limitation on indicators, I figured it would be nice to combine a couple into a single indicator. I'll likely make another one for EMA or make one that lets you use whichever type of moving averages you want.
This is really simple. But useful for me as I don't have a paid account. No-pro users can only use 3 indicators at once and because I rely heavily on simple moving averages it can be a real pain.
This one indicator features:
20 MA
50 MA
100 MA
200 MA
which I find are the most useful overall. The 20 and 50 over all time frame but in particular < 1...
DayMidPoint - Plot the moving average of the Daily price midpoint for short periods of time (i.e. 3 day or 5 day). Great for detecting the short term daily trend direction to determine a SHORT or LONG position building in a stock. Use with DayHigh and DayLow indicators. for nice price channels on a chart.
Plot the Moving Average of the Daily High for short periods of time (i.e 3 day or 5 day). Great for detecting when a stocks SELL pressure is running out and time to switch to a BUY strategy. Use in the DayHIGH indicator for nice price channels on a chart.
This is a moving average of the Daily LOW Price over a short period of time (i.e. 3 day low moving average, etc...) Great for tracking trailing stops for a stock on an up swing.
6 simple and 5 exponential Moving Averages in one indicator.
I made this because its not always easy to tell what average the price might be bouncing off from when you only have a couple at a time.
For some reason, the defaults aren't working.
To fix this, just open the configuration for the indicator after the first time that you load it.
Then check/uncheck...
This script plots three Simple Moving Averages instead of just one.
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