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Multiple Moving Average Touch Alert
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Multiple Moving Average Touch Alert Indicator
This versatile indicator helps traders identify when price interacts with multiple moving averages, featuring customizable settings and visual alerts. It overlays four different moving averages on your chart and signals when price touches any of them.
Key Features:
Default Settings:
How It Works
The indicator monitors price action around each moving average and triggers both visual and optional alerts when the price touches any of the MAs. A "touch" is defined as when either the high or low of the candle crosses through the moving average line. When a touch occurs, the background changes color to match the corresponding MA (with adjusted transparency).
Customization Options
Each moving average can be independently configured with:
Use Cases
Alert System
Built-in alert conditions for each moving average make it easy to set up notifications when price touches any of your selected MAs. Perfect for traders who want to stay informed of important price-MA interactions without constantly watching the charts.
This indicator is ideal for both novice and experienced traders who use moving averages in their trading strategy and want to automate the detection of price-MA interactions.
Tags: Moving Average, Multi-MA, Technical Analysis, Price Action, Support Resistance, Alerts, Trend Following
This versatile indicator helps traders identify when price interacts with multiple moving averages, featuring customizable settings and visual alerts. It overlays four different moving averages on your chart and signals when price touches any of them.
Key Features:
- Four independent moving averages with full customization
- Visual background highlighting when price touches any MA
- Flexible timeframe settings for each moving average
- Multiple MA type options (SMA, EMA, WMA, VWMA)
- Built-in alert conditions for each MA touch
- Adjustable color and transparency settings
- Toggle visibility for each moving average
Default Settings:
- MA1: 15-period SMA (Light Blue)
- MA2: 30-period SMA (Magenta)
- MA3: 60-period SMA (Blue)
- MA4: 240-period SMA (Red)
How It Works
The indicator monitors price action around each moving average and triggers both visual and optional alerts when the price touches any of the MAs. A "touch" is defined as when either the high or low of the candle crosses through the moving average line. When a touch occurs, the background changes color to match the corresponding MA (with adjusted transparency).
Customization Options
Each moving average can be independently configured with:
- Period length
- MA type (Simple, Exponential, Weighted, or Volume-Weighted)
- Custom timeframe
- Color and transparency
- Show/hide toggle
Use Cases
- Identify potential support and resistance levels
- Spot price interaction with key moving averages
- Multi-timeframe analysis
- Trade entry and exit points
- Trend following strategies
- Dynamic support/resistance zones
Alert System
Built-in alert conditions for each moving average make it easy to set up notifications when price touches any of your selected MAs. Perfect for traders who want to stay informed of important price-MA interactions without constantly watching the charts.
This indicator is ideal for both novice and experienced traders who use moving averages in their trading strategy and want to automate the detection of price-MA interactions.
Tags: Moving Average, Multi-MA, Technical Analysis, Price Action, Support Resistance, Alerts, Trend Following
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