Version 2.0 of the LevelUp indicator is a major upgrade as it relates to setting your preferred moving averages for Moving Average Alignment™ (MAA). For those unfamiliar with MAA, it’s simply identifying trends based on moving averages and their relationship to one another as well as price.
Before version 2.0, MAA was based on the 10-EMA, 21-EMA and 50-SMA. These are common moving averages for traders familiar with William O’Neil and Investor’s Business Daily and the CANSLIM approach to trading.
Traders typically have a set of preferred moving averages based on their trading style and risk management process. To make LevelUp the most effective tool possible, for both swing traders and position traders, you can now configure moving averages that will be the basis for determining the starting and ending points for MAA.