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.
- Based on 4h 50/200 ma/ema
- Static, same accross all timeframes
- Works best with trending assets (espacially altcoins)
- 4h 50/200 ma/ema 's are transparent by default but can be enabled to improve visibility
Blue Cloud = Bullish, cloud often acts as support
Red Cloud = Bearish, cloud often acts as resistance
This indiactor is for Swing Trading in indian stock market.
It uses 3Ema's .A 50 ema on high setting and another 50 ema on low setting and 200 ema .
when the price is moving above 50 Bands and 200ema we can long the script and if price is moving below 50 bands we can short the script .
this strategy mostly useful on daily and hourly time frame.