This moving average indicator is a bull market support band. It's significance comes from the previous bull runs where the price was bouncing off or riding from a distance the support band until the end of the market cycle. For example, during the 2017 bull run, Bitcoin had several 30-40% corrections to the support band.
The green line represents the 20 weeks simple moving average and the red line represents the 21 weeks exponential moving average. The best way to read the current value is to look at the weekly chart, but any time frame will display the same values.
The green line represents the 20 weeks simple moving average and the red line represents the 21 weeks exponential moving average. The best way to read the current value is to look at the weekly chart, but any time frame will display the same values.
版本注释:
Smooth lines on non-weekly timeframes.
版本注释:
Removed deprecated "color" attribute in "fill" function and changed "color" attribute accordingly.
版本注释:
Fixed a bug where changing the indicator timeframe does not change the lengths of the moving averages.
版本注释:
Bumped the version to v5.
版本注释:
Fixed a bug where there is a gap between the latest indicator data and the chart's latest data on timeframes lower than weekly.
