OPEN-SOURCE SCRIPT

AVERAGE MULTI_SMA

Updated
Indicator returns an average of 5 SMAs. an interesting point that I have noticed that the price has several times reacted on it.

Note 1: Do not just use this as a criterion for buying and selling, use as one more aid.
Note 2: It is possible to leave in the chart all the averages, if you feel it necessary.


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Indicador retorna uma média de 5 SMAs. um ponto interessante que tenho notado que o preço tem diversas vezes reagido nele.

Observação 1: Não use apenas isso como critério para compra e venda, use como mais um auxilio.
Observação 2: É possivel deixar no grafico todas as médias, caso você ache necessário.
Release Notes
colors show the direction of "AVERAGE MULTI_SMA"

"AVERAGE MULTI_SMA" UP = Green

"AVERAGE MULTI_SMA" DOWN = Red


averagemediamovelmovingMoving Averagesresistenceresistenciasmasuportesupport

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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