OPEN-SOURCE SCRIPT
Sweaty Palms MA (50/100/200 + 250)
Sweaty Palms Multiple MA (50/100/200 + 250)
A comprehensive moving average indicator combining the most powerful technical levels used by institutional traders. Features crystal-clear visualization of major moving averages with distinct colors and dynamic labels for enhanced clarity.
Features:
• Multiple MA types available (SMA, EMA, WMA, RMA, HMA)
• Four key moving averages: 50, 100, 200, and optional 250
• Institutional-grade color coding:
- Blue (50 MA): Short-term trend
- Orange (100 MA): Intermediate trend
- Purple (200 MA): Long-term trend
- White (250 MA): Extra long-term trend
• Dynamic labels that move with price
• Optional 250 MA toggle for reduced chart clutter
• Customizable MA lengths
Key Applications:
• Major Support/Resistance Levels: These MAs are widely watched by institutional traders
• Bull/Bear Market Definition: Price above/below 200 MA
• Golden/Death Cross: 50 & 200 MA crossovers
• Multiple Timeframe Analysis: Different MAs for different trading horizons
• Trend Strength: Spacing and alignment of MAs indicate trend strength
Settings:
• MA Type: Choose between SMA, EMA, WMA, RMA, HMA
• Customizable lengths for all MAs
• Toggle option for 250 MA
• Clean label display showing MA periods
Note: This indicator combines the most followed moving averages in financial markets. The 50, 100, and 200 MAs are particularly significant as they are watched by large institutions and often create self-fulfilling support/resistance levels.
Created by SweatyPalmsAlgo
A comprehensive moving average indicator combining the most powerful technical levels used by institutional traders. Features crystal-clear visualization of major moving averages with distinct colors and dynamic labels for enhanced clarity.
Features:
• Multiple MA types available (SMA, EMA, WMA, RMA, HMA)
• Four key moving averages: 50, 100, 200, and optional 250
• Institutional-grade color coding:
- Blue (50 MA): Short-term trend
- Orange (100 MA): Intermediate trend
- Purple (200 MA): Long-term trend
- White (250 MA): Extra long-term trend
• Dynamic labels that move with price
• Optional 250 MA toggle for reduced chart clutter
• Customizable MA lengths
Key Applications:
• Major Support/Resistance Levels: These MAs are widely watched by institutional traders
• Bull/Bear Market Definition: Price above/below 200 MA
• Golden/Death Cross: 50 & 200 MA crossovers
• Multiple Timeframe Analysis: Different MAs for different trading horizons
• Trend Strength: Spacing and alignment of MAs indicate trend strength
Settings:
• MA Type: Choose between SMA, EMA, WMA, RMA, HMA
• Customizable lengths for all MAs
• Toggle option for 250 MA
• Clean label display showing MA periods
Note: This indicator combines the most followed moving averages in financial markets. The 50, 100, and 200 MAs are particularly significant as they are watched by large institutions and often create self-fulfilling support/resistance levels.
Created by SweatyPalmsAlgo
Skrypt open-source
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