CoffeeShopCrypto 3pl MA

BTCUSDT.P_2023-12-09_16-03-29_07c4f 3pl MA Alpha

What up guys and welcome to the CoffeeShop. This is your host and "baristo", Eric.
The CoffeeShopCrypto 3pl MA indicator is a technical analysis tool that uses three different moving averages to identify trends in the price of an asset. The three moving averages have lengths of 12, 26, and 50. If these numbers sound familiar its because they are based off the standard of the MACD indicator, and can be either simple moving averages (SMA) or exponential moving averages (EMA), depending on user preference.

The following is plotted on the chart
The fast EMA/SMA (based on the 12-period length) in yellow.
The mid EMA/SMA (based on the 26-period length) in gray.
The slow EMA/SMA (based on the 50-period length) in either green or red, depending on whether the current close price is above or below the Overall Trend MA.

In addition to the moving averages, the indicator also calculates the MACD (Moving Average Convergence Divergence), and uses it to color the bars based on the momentum of the asset.
The MACD is calculated using two user-defined lengths (fast and slow), as well as a user-defined smoothing length for the signal line. The oscillator and signal line can be either SMA or EMA, and the colors of the MACD bars are based on whether the histogram is growing or falling, and whether it is above or below the zero line.

Overall, this indicator provides traders with a comprehensive tool for understanding the trend of an asset, as well as the momentum behind that trend. The moving averages provide a clear visual representation of the trend, while the MACD bars give insight into the strength of that trend and potential shifts in momentum.

The 3pl MA by CoffeeShopCrypto
---------------LONG ENTRY----------------
MA1 above MA2 and Overall trend = Green
IF RSI is above its midline you are confirmed for a long entry

-----------Short Entry--------------
MA1 below MA2 and Overall trend = Red
IF RSI is below its midline you are confirmed for a short entry

Access to this indicator is granted upon your agreement to stay an active member of this community. If you are away too long, the indicator will delete itself from your chart. This is in place to help the community stay communal and collaborative.
There will no longer be "Ghosting" of indicator users.

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Comments 2

kilan on Wednesday, 13 December 2023 09:35

πŸ‘πŸΌπŸ‘ŒπŸΌπŸ™πŸΌ

πŸ‘πŸΌπŸ‘ŒπŸΌπŸ™πŸΌ
Kkanan on Tuesday, 19 December 2023 17:03

Looks amazing, will give this a try..any timeframe suggestion?

Looks amazing, will give this a try..any timeframe suggestion?
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Tuesday, 05 March 2024

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