This is a script I made which uses 6 moving averages to decide how to color the trend. These SMA are configured to run on 4H, 6H, 8H, 12H, 18H and 1D timeframes. The script will check how many of them are bullish or bearish.
I made this script to reference the current market environment while working on the lower time frames. You are free to use it as a filter...
This study is similar to my Snake study. The differernce is that instead of following a moving average, this "snake" follows a RSI closely looking for the best opportunities to buy/sell.
Dark red triangles at the bottom are buy signals with alerts of BUY ASSET. Dark red triangles to the top are sell signals with alerts of SELL ASSET.
Overbought and oversold are...