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SMA 119

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Sometimes simplicity is a key.

This is a Simple Moving Average of 119 period on daily timeframe.

When hl2 of price is above SMA it plot green candles (up trend), when below it plot red candles (down trend)

So it shows you a long term direction of BTC

It is very useful indicator to see in what stage BTC is now, Bear or Bull. Yes it seems to be very simple, but it works.

Sometimes to dig a hole, you dont need an excavator you just need an shovel. In this case shovel is a SMA =)



BackTest of indicator
https://www.tradingview.com/x/boR3okbF
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