Meant for any market, this script is a technique shown by Alessio Rastani that utilizes exponential and simple moving averages that are used to anticipate potential buying & shorting opportunities for Technical Analysts.
A simple indicator that display the 50, 100, and 200 Daily SMA. It will always display the DAILY 50,100, 200, regardless of the time frame you are looking at. Makes it easy to quickly display these key averages while also looking at smaller timeframes like 1H candles.
Following Trends and Finding Divergences
Here is a script example that uses a long length (100, 150, 200) RSI MA Ribbon to detect trend reversals using lower time frames. You can also use traditional RSI to find divergences.
Built Best for 1H to 10 Min Charting