Madrid Moving Average

Elevate your trading strategy with the Madrid Moving Average, a dynamic indicator that seamlessly integrates 19 moving averages, ranging from lengths 5 to 100 with increments of 5. This unique approach is designed to provide a holistic view of the market bias, offering a visual representation of price bouncing from specific moving averages.

Key Features:

1. Multi-MA Fusion: Madrid Moving Average combines the power of 19 moving averages to confirm the overall market bias. The inclusion of varying lengths, from 5 to 100, ensures a comprehensive analysis of price dynamics.

2. Visual Price Interaction: Witness the market in action as the moving averages change color dynamically, transitioning from bullish to bearish. The indicator provides an intuitive visual display of price interactions with specific moving averages.

3. Baseline Reference: The Madrid Moving Average introduces a baseline at 100, acting as a reference point. The moving averages change to a lighter color when above or below this baseline, providing a quick reference for trend strength.

4. User-Friendly Customization: Enjoy the simplicity of using the indicator with easy-to-use customization options. Visualize the strength of the trend with the power indicator, showcasing the number of moving averages where the close price is above or below. A positive value (+18) signifies the close price is above all MAs, while a negative value (-18) indicates the price is below all MAs.

All plots are available for Algo Traders or automation professionals to program their back-testing scripts.