OPEN-SOURCE SCRIPT
[RS]Moving Average Trend Expansion Analysis V0
Updated
experimental: analyzing the differences between price closure and multiple moving averages to discern movement and direction of market.
upper signal is the long trend, while the lower signal symbolizes faster movements within the trend.
upper signal is the long trend, while the lower signal symbolizes faster movements within the trend.
Release Notes
Update to V5.Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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