OPEN-SOURCE SCRIPT
Updated Moving Average Channel
This script display three moving average channels,
main channel (EMA144, EMA169), second (EMA288, EMA338), third (EMA576, EMA676)
This channels can act as support/resisitance, a trade can be setup when price enter and then leave the channel.
There are also other moving averages base on FIbnacci numbers ( 13,21,34,55,89,144,233....), you can use it if you like.
This channels is base on idea of Vegas Tunnel Strategy developed by Vegas.
main channel (EMA144, EMA169), second (EMA288, EMA338), third (EMA576, EMA676)
This channels can act as support/resisitance, a trade can be setup when price enter and then leave the channel.
There are also other moving averages base on FIbnacci numbers ( 13,21,34,55,89,144,233....), you can use it if you like.
This channels is base on idea of Vegas Tunnel Strategy developed by Vegas.
Release Notes
1. add more common used ma 5,10,30,50,60,100,2002. change default color for channel
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.