Published some changes to my FIbonacci based multiple moving averages indicator at TradingView. If you like moving averages and would like to save some space for other indicators, this one is for you 👍
Recommend to test MAVW - when price cross it, and stay on he other side, it is a strong trend change confirmation. Very useful in combination with 34 or 55EMA. Works at any timeframe, but best at 4 hours. Free to use, copy, edit, whatever 😎
https://tradingview.com/script/ZcMc0RMA-Philosof-fib-ma/
@CryptoTrades #MovingAverages
Recommend to test MAVW - when price cross it, and stay on he other side, it is a strong trend change confirmation. Very useful in combination with 34 or 55EMA. Works at any timeframe, but best at 4 hours. Free to use, copy, edit, whatever 😎
https://tradingview.com/script/ZcMc0RMA-Philosof-fib-ma/
@CryptoTrades #MovingAverages
Moving averages act as great tools for identifying trend.
Large period moving averages are best to use, for example 200EMAs are good to use for this reason.
If price is travelling below a descending 200EMA, it’s valid to say that price is trending downwards, which means look for sell opportunities.
The opposite applies if price is travelling above an ascending 200EMA.
Price is trending upwards and it would be sensible to look for buy positions.
When price crosses the EMA, it shows us that there is a change in trend... stick to your plan and don’t trade just based on the trend direction.
It can change in an instant!
@CryptoTrades #education #movingaverages #ema #signals #cryptotradespremium
Large period moving averages are best to use, for example 200EMAs are good to use for this reason.
If price is travelling below a descending 200EMA, it’s valid to say that price is trending downwards, which means look for sell opportunities.
The opposite applies if price is travelling above an ascending 200EMA.
Price is trending upwards and it would be sensible to look for buy positions.
When price crosses the EMA, it shows us that there is a change in trend... stick to your plan and don’t trade just based on the trend direction.
It can change in an instant!
@CryptoTrades #education #movingaverages #ema #signals #cryptotradespremium
Moving averages act as great tools for identifying trend.
Large period moving averages are best to use, for example 200EMAs are good to use for this reason.
If price is travelling below a descending 200EMA, it’s valid to say that price is trending downwards, which means look for sell opportunities.
The opposite applies if price is travelling above an ascending 200EMA.
Price is trending upwards and it would be sensible to look for buy positions.
When price crosses the EMA, it shows us that there is a change in trend... stick to your plan and don’t trade just based on the trend direction.
It can change in an instant!
@CryptoTrades #education #movingaverages #ema #signals #cryptotradespremium
Large period moving averages are best to use, for example 200EMAs are good to use for this reason.
If price is travelling below a descending 200EMA, it’s valid to say that price is trending downwards, which means look for sell opportunities.
The opposite applies if price is travelling above an ascending 200EMA.
Price is trending upwards and it would be sensible to look for buy positions.
When price crosses the EMA, it shows us that there is a change in trend... stick to your plan and don’t trade just based on the trend direction.
It can change in an instant!
@CryptoTrades #education #movingaverages #ema #signals #cryptotradespremium