MAs BB Lines_wt [WynTrader]MAs BB Lines --- Published : 2026-08-08
This indicator draws on the classical moving-average-and-Bollinger-Bands framework commonly taught by many specialist authors, to combine an 18-day Bollinger Band setting with a set of key moving averages (21, 50, 100, 200) to read trend direction, volatility, and potential support/resistance zones together. This script builds on that same general approach with a fully customizable, five-MA overlay and an added forward-projection layer.
Features:
📊 5 Independent Moving Averages
Each MA has its own length and type (SMA, EMA, RMA, VWMA, HMA), fully customizable to fit any trading style.
- MA1 (default: 8 EMA) — plotted as stepline for fast reaction visibility
- MA2 (default: 21 SMA), - MA3 (default: 50 SMA), - MA4 (default: 100 SMA) and - MA5 (default: 200 SMA)
📈 Bollinger Bands
Middle line 18-period, 2.0 deviation bands (basis, upper, lower) to frame volatility and price extremes around the trend structure.
🔮 Forward Projection Lines
Dashed projection lines extend from end of lines into future bars, based on each MA's recent slope (lookback-configurable). This gives traders a visual read on where each average is heading if current momentum persists.
- Lookback period: 3–10 bars (controls slope sensitivity)
- Forward projection length: 5–30 bars
- Projections can be toggled on/off
How to use it:
Watch for convergence or crossing of the moving averages and their projected paths — these often mark potential inflection points. Use the Bollinger Bands to gauge whether price is stretched relative to trend. Combine short-term (MA1) and long-term (MA5) MA slopes to confirm trend direction and strength.
Notes:
- Overlay indicator, works on any timeframe and instrument
- All moving average types and lengths are fully adjustable in settings
- Projection lines are visual guides based on recent slope, not predictive signals — always confirm with price action and other analysis
- Conceptual framework inspired by moving-average/Bollinger-Band methods commonly taught by several specialist authors and used by many professionals to identify support and resistance pivots.
Indicator
