6 EMA SMA RMA + Forecasting


Hey hi, this Script is a bit simple. Let's start with some definitions.

Moving Average (MA)
In statistics, a moving average is a calculation used to analyze data points by creating a series of averages of different subsets of the full data set. In finance, a moving average (MA) is a stock indicator that is commonly used in technical analysis . The reason for calculating the moving average of a stock is to help smooth out the price data by creating a constantly updated average price . This makes this tool one of the most important for technical analysis .

Forecasting is the process of making predictions based on past and present data and most commonly by analysis of trends . In the same way that the moving average (MA) the forecasting is something highly desirable, in this way we opted to develop an indicator that allows the use of up to 6 moving averages combined with the forecasting.

In addition to having the option of up to 6 moving averages, these can be of different types, being able to choose between up to 3 options (it is proposed to add more options later) which are listed below.

In addition to the above, 2 prediction methods were added, which are listed and detailed below.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


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