OPEN-SOURCE SCRIPT
Azmi Moving Averages

This trading indicator, designed using Pine Script, incorporates two simple moving averages (SMAs) with the same length but different data sources. Here's a detailed description of the indicator:
### Indicator Overview
**Name:** Two Moving Averages
### Inputs
1. **Length (20):** The period over which the moving averages are calculated. Both moving averages use a length of 20 periods.
2. **Source:**
- **High:** The first moving average is calculated using the high prices of the candles.
- **Low:** The second moving average is calculated using the low prices of the candles.
### Calculations
1. **MA High (maHigh):** This is the simple moving average of the high prices over the specified length (20 periods). It smooths the high prices over time, showing the average high price trend.
2. **MA Low (maLow):** This is the simple moving average of the low prices over the same length (20 periods). It smooths the low prices over time, showing the average low price trend.
### Plotting
- **MA High (Blue Line):** This line represents the moving average of the high prices. It is plotted in blue with a line width of 2.
- **MA Low (Red Line):** This line represents the moving average of the low prices. It is plotted in red with a line width of 2.
### Interpretation
1. **Trend Identification:**
- **Bullish Trend:** When the MA High is above the MA Low, it generally indicates a bullish trend, as the average high prices are higher than the average low prices.
- **Bearish Trend:** When the MA High is below the MA Low, it suggests a bearish trend, as the average high prices are lower than the average low prices.
2. **Support and Resistance:**
- The MA High can act as a dynamic resistance level, where the price may face selling pressure.
- The MA Low can act as a dynamic support level, where the price may find buying interest.
3. **Price Channels:**
- The area between the MA High and MA Low creates a channel that can help traders visualize the range within which the price is fluctuating. This channel can be used to identify potential breakout or breakdown points.
### Example Usage
- **Buy Signal:** A potential buy signal may occur when the price crosses above both the MA High and MA Low, indicating a possible upward trend.
- **Sell Signal:** A potential sell signal may occur when the price crosses below both the MA High and MA Low, indicating a possible downward trend.
This indicator provides a visual representation of the average high and low prices, helping traders identify trends, potential support and resistance levels, and price channels for better trading decisions.
### Indicator Overview
**Name:** Two Moving Averages
### Inputs
1. **Length (20):** The period over which the moving averages are calculated. Both moving averages use a length of 20 periods.
2. **Source:**
- **High:** The first moving average is calculated using the high prices of the candles.
- **Low:** The second moving average is calculated using the low prices of the candles.
### Calculations
1. **MA High (maHigh):** This is the simple moving average of the high prices over the specified length (20 periods). It smooths the high prices over time, showing the average high price trend.
2. **MA Low (maLow):** This is the simple moving average of the low prices over the same length (20 periods). It smooths the low prices over time, showing the average low price trend.
### Plotting
- **MA High (Blue Line):** This line represents the moving average of the high prices. It is plotted in blue with a line width of 2.
- **MA Low (Red Line):** This line represents the moving average of the low prices. It is plotted in red with a line width of 2.
### Interpretation
1. **Trend Identification:**
- **Bullish Trend:** When the MA High is above the MA Low, it generally indicates a bullish trend, as the average high prices are higher than the average low prices.
- **Bearish Trend:** When the MA High is below the MA Low, it suggests a bearish trend, as the average high prices are lower than the average low prices.
2. **Support and Resistance:**
- The MA High can act as a dynamic resistance level, where the price may face selling pressure.
- The MA Low can act as a dynamic support level, where the price may find buying interest.
3. **Price Channels:**
- The area between the MA High and MA Low creates a channel that can help traders visualize the range within which the price is fluctuating. This channel can be used to identify potential breakout or breakdown points.
### Example Usage
- **Buy Signal:** A potential buy signal may occur when the price crosses above both the MA High and MA Low, indicating a possible upward trend.
- **Sell Signal:** A potential sell signal may occur when the price crosses below both the MA High and MA Low, indicating a possible downward trend.
This indicator provides a visual representation of the average high and low prices, helping traders identify trends, potential support and resistance levels, and price channels for better trading decisions.
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.