CAN INDICATOR

CAN Moving Averages Indicator - Feature Guide



1. Multiple Moving Averages (20 MAs)
- Supports up to 20 individual moving averages
- Each MA can be independently configured:
- Enable/Disable toggle
- Length (period) setting
- Type selection (SMA, EMA, DEMA, VWMA, RMA, WMA)
- Color customization
- Individual timeframe settings when global timeframe is disabled

Pre-configured MA Settings:
1. MA1-8: SMA type
- Lengths: 20, 50, 100, 200, 365, 489, 600, 1460
2. MA9-20: EMA type
- Lengths: 30, 60, 120, 240, 300, 400, 500, 700, 800, 900, 1000, 2000


2. Global Timeframe Settings
Location: Global Settings group
Features:
- Use Global Timeframe: Toggle to use one timeframe for all MAs
- Global Timeframe: Select the timeframe to apply globally


3. Label Display Options
Location: Main Inputs section
Controls:
- Show MA Type: Display MA type (SMA, EMA, etc.)
- Show MA Length: Display period length
- Show Resolution: Display timeframe
- Label Offset: Adjust label position


4. Cross Alerts System
Location: Cross Alerts group
Features:
1. Price Crosses:
- Alerts when price crosses any selected MA
- Select MA to monitor (1-20)
- Triggers on crossover/crossunder

2. MA Crosses:
- Alerts when one MA crosses another
- Select fast MA (1-20)
- Select slow MA (1-20)
- Triggers on crossover/crossunder


5. Relative Strength (RS) Analysis
Location: Relative Strength group
Features:
- Select any MA to monitor (1-20)
- Compares MA to its own average
- Adjustable RS Length (default 14)
- Visual feedback via background color:
- Green: MA above its average (uptrend)
- Red: MA below its average (downtrend)
- Customizable colors and transparency


6. Moving Average Types Available
1. **SMA** (Simple Moving Average)
- Equal weight to all prices
2. **EMA** (Exponential Moving Average)
- More weight to recent prices
3. **DEMA** (Double Exponential Moving Average)
- Reduced lag compared to EMA
4. **VWMA** (Volume Weighted Moving Average)
- Incorporates volume data
5. **RMA** (Running Moving Average)
- Smoother than EMA
6. **WMA** (Weighted Moving Average)
- Linear weight distribution


Usage Tips
1. **For Trend Following:**
- Enable longer-period MAs (MA4-MA8)
- Use cross alerts between long-term MAs
- Monitor RS for trend strength

2. **For Short-term Trading:**
- Focus on shorter-period MAs (MA1-MA3, MA9-MA11)
- Enable price cross alerts
- Use multiple timeframe analysis

3. **For Multiple Timeframe Analysis:**
- Disable global timeframe
- Set different timeframes for each MA
- Compare MA relationships across timeframes

4. **For Performance:**
- Disable unused MAs
- Limit active alerts to necessary pairs
- Use RS selectively on key MAs