Multi-Timeframe Dual MA Downside Detector

6시간 전

This indicator is designed to highlight potential downside moves using two customizable moving averages (MA1 and MA2) across multiple timeframes. It works on any chart and provides a visual cue when the price is trading below both selected moving averages on a red/down candle.

Key Features:

Dual Moving Averages: Supports EMA, SMA, VWMA, and HMA for both MA1 and MA2.

Multi-Timeframe Support: Each moving average can be calculated on a different timeframe, allowing higher timeframe trend context on lower timeframe charts.

Downside Detection: Highlights candles where the close is below both moving averages and forms a down candle (close < open).

Visual Signals:

Plots MA1 (orange) and MA2 (blue) on the chart.

Colors the downside candles blue when the price is below both MAs.

Customizable: Easily adjust the MA type, length, and timeframe to suit your trading style.

Usage:

Helps identify strong bearish conditions or potential pullbacks.

Can be combined with other technical analysis tools for trend confirmation.

Works across any market, instrument, or timeframe

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