Bull Market Support Band (20w SMA, 21w EMA)

This moving average indicator is a bull market support band. It's significance comes from the previous bull runs where the price was bouncing off or riding from a distance the support band until the end of the market cycle. For example, during the 2017 bull run, Bitcoin had several 30-40% corrections to the support band.

The green line represents the 20 weeks simple moving average and the red line represents the 21 weeks exponential moving average. The best way to read the current value is to look at the weekly chart, but any time frame will display the same values.

릴리즈 노트

Smooth lines on non-weekly timeframes.

릴리즈 노트

Removed deprecated "color" attribute in "fill" function and changed "color" attribute accordingly.

릴리즈 노트

Fixed a bug where changing the indicator timeframe does not change the lengths of the moving averages.

릴리즈 노트

Bumped the version to v5.

릴리즈 노트

Fixed a bug where there is a gap between the latest indicator data and the chart's latest data on timeframes lower than weekly.

릴리즈 노트

Reverted last big fix since it is removed multi timeframe functionality.

릴리즈 노트

Same as above

오픈 소스 스크립트

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.