OPEN-SOURCE SCRIPT
Updated MA Counter (Multi-Average Counter)
This indicator helps traders measure how extended the price is from its moving averages by counting how many bars have passed since the last time price touched each moving average, while also displaying the date of the most recent touch.
In addition, you can set a maximum number of bars without touching the moving averages to quickly see possible overextensions.
Key Features
In addition, you can set a maximum number of bars without touching the moving averages to quickly see possible overextensions.
Key Features
- SMA and EMA
- Customization
- Alerts
Release Notes
optimizationOpen-source script
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.