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CTS Daily Stacked Moving Average Column

$97.00

This column helps traders understand the current trend direction of a financial instrument (like a stock or currency pair) using different moving averages.

1. Calculating Moving Averages:
– The code calculates three types of moving averages (EMAs) using different time periods: 8, 21, and 34, and a simple moving average (SMA) with a period of 50.

2. Bullish Stacked Trend:
– It checks if the EMAs are stacked in increasing order (8 > 21 > 34) and if the 34-period EMA is above the SMA50. This suggests a potential bullish trend.

3. Bearish Stacked Trend:
– It checks if the EMAs are stacked in decreasing order (8 < 21 < 34) and if the 34-period EMA is below the SMA50. This suggests a potential bearish trend.

4. Labeling Trends:
– If the conditions for bullish or bearish trends are met, it adds a label on the chart saying “Bullish” or “Bearish” with corresponding colors.
– If neither bullish nor bearish conditions are met, it labels the trend as “Neutral.”

5. Background Color:
– It assigns background colors to the chart based on the trend direction. Green indicates a bullish trend, red for bearish, and dark gray for neutral.

This column uses different types of moving averages to determine the likely trend direction of a financial instrument. If the moving averages are stacked in a certain way and certain relationships hold true, it suggests a bullish or bearish trend. Labels and colors are used to quickly identify the current market sentiment on the chart.

Please note that this script is for educational purposes and cannot be shared due to user agreement restrictions.