Can someone please help me on how to add the 21 and the 8 simple moving average on my charts on trading view. thank you
Why those ones?
I use 17,53,100 and 200
21 moving average acts as dynamic support when it is in a uptrend and act as dynamic resistance in a downtrend. It is a great indicator to spot pinbars and engulfing candles on the 4h and daily chart. 21 and the 8-simple moving averages in the daily and 4-hour time frames, will define a clear bullish or bearish market and we simply buy when price pullbacks to the moving average and an engulfing bar pattern forms. if the moving average is trending down, it shows that the market is in a downtrend, we sell when price retrace to the moving average.
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