legroszach

Bull Market Support Band (20w SMA, 21w EMA)

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.
リリースノート: Smooth lines on non-weekly timeframes.
リリースノート: Removed deprecated "color" attribute in "fill" function and changed "color" attribute accordingly.
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コメント

Hi!

First of all thanks for sharing your scripts, I came to yours while learning about trading, quite useful!

As per comments on pine, seems that transp function is about to be deprecated?

A correction that might work could be this:

"fill(smaPlot, emaPlot, color=color.new(color.orange, 75), fillgaps=true)"

Thanks for sharing!
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legroszach bbrujas
@bbrujas, yes you are right! Thank you I will post an update soon.
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Thanks
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legroszach themanmikee
@themanmikee, you're welcome!
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This looks very promising!
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pretty good
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Brilliant!
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***CORRECTION OF DESCRIPTION***

The green line represents the 21 weeks exponential moving average and the red line represents the 20 weeks simple moving average not the other way around.

Thanks
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GMoneyTree legroszach
@legroszach, you should correct it in the original, if you are the real McCoy
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legroszach GMoneyTree
@GMoneyTree, This is not allowed by TradingView after 15 minutes of posting.
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