This is a unique take on moving average multiplier indicators. Here, a pair of moving averages is used in combination with a multiplier set of to calculate
separate support and resistance levels
a new basis point of reference
The resulting data can be further used to calculate derived support and resistance levels using the Multiplier Type settings option. The moving averages and multiplier sets are customizable to make it easy to test different values on the fly and discover new patterns, and the Spread settings option is handy for working across timeframes.
🚩 Disclaimer: the information created and published here is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. 님은 즐겨찾기로 이 스크립트를 차트에서 쓸 수 있습니다.
🚩 Disclaimer: the information created and published here is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors
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