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TheBacktestGuy

3 MA Trend Indicator

TheBacktestGuy Updated   
Trend Analysis Moving Averages scalping Zero Lag Exponential Moving Average (ZLEMA) alma
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trendanalysis movingaverage scalping zlema alma
It is a trend detector indicator, using 3 moving averages.
You can select different MA's and set the periods of them. If all 3 is increasing, the color will be green, if decreasing, the color will be red, gray otherwise.
It can be used for e.g. scalping.
Release Notes:
  • You can now use ALMA as moving average.
  • It measures slope and angle of each moving averages, you can see these values in the data window.
  • You can filter by angle further, which means, it will mark as trend, if the angle of the line is greater then the specified value.
Release Notes:
  • Code cleanups: use function for the ma selector
  • Different MA algorythms can be choosen for each line
  • You can specify a ratio for angle calculation
Release Notes:
  • Fixed data window plots
  • Added ability to select resolution
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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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