OPEN-SOURCE SCRIPT
MechArt Moving Average and % Above V1.1
MechArt Moving Average and % Above V1.1
Unlock the power of custom analysis with this Adjustable Moving Average Indicator! Whether you're a day trader, swing trader, or long-term investor, this tool helps you track price action with precision and flexibility. Tailor your trading strategy to your needs by adjusting the type of moving average, price triggers, and percentage levels.
🔑 Key Features:
Choose Your Moving Average Type 🌀
Select from four popular moving averages:
SMA (Simple Moving Average)
EMA (Exponential Moving Average)
WMA (Weighted Moving Average)
VWMA (Volume Weighted Moving Average)
Find the one that best fits your trading style!
Adjustable Trigger Price
Choose between four price types to trigger signals:
Open
High
Low
Close
Pick the price type that makes the most sense for your strategy!
Percentage Above the Moving Average 📈🔽
Set a custom percentage above the moving average to generate alerts when the price reaches key levels.
Customizable Alerts 🔔
Get notified when the price is above the target price or below the moving average. Perfect for timely trades!
📉 Visual Alerts:
🔴 Red Background: When the selected price is above the target price (percentage above the moving average).
🟩 Green Background: When the selected price is below the moving average.
🚀 How This Indicator Helps You:
Precision 🎯: Visual signals with clear red and green backgrounds help you make quick decisions based on the price's relationship to your moving average.
Flexibility 🔄: Customize the type of moving average and the price used for triggers to fit your trading style.
📊 Perfect For:
Swing Traders 📈: Use the indicator to identify price trends and reversals based on moving averages.
Day Traders ⏳: Set short-term percentage levels to catch immediate price movements.
Long-Term Investors 💼: Track longer-term trends and set alerts when prices deviate significantly from your moving average.
Take control of your trading strategy with this Adjustable Moving Average Indicator and start making more informed decisions today! 🏅
Change from V1.0: Fixed Timeframe setting to match chart.
Unlock the power of custom analysis with this Adjustable Moving Average Indicator! Whether you're a day trader, swing trader, or long-term investor, this tool helps you track price action with precision and flexibility. Tailor your trading strategy to your needs by adjusting the type of moving average, price triggers, and percentage levels.
🔑 Key Features:
Choose Your Moving Average Type 🌀
Select from four popular moving averages:
SMA (Simple Moving Average)
EMA (Exponential Moving Average)
WMA (Weighted Moving Average)
VWMA (Volume Weighted Moving Average)
Find the one that best fits your trading style!
Adjustable Trigger Price
Choose between four price types to trigger signals:
Open
High
Low
Close
Pick the price type that makes the most sense for your strategy!
Percentage Above the Moving Average 📈🔽
Set a custom percentage above the moving average to generate alerts when the price reaches key levels.
Customizable Alerts 🔔
Get notified when the price is above the target price or below the moving average. Perfect for timely trades!
📉 Visual Alerts:
🔴 Red Background: When the selected price is above the target price (percentage above the moving average).
🟩 Green Background: When the selected price is below the moving average.
🚀 How This Indicator Helps You:
Precision 🎯: Visual signals with clear red and green backgrounds help you make quick decisions based on the price's relationship to your moving average.
Flexibility 🔄: Customize the type of moving average and the price used for triggers to fit your trading style.
📊 Perfect For:
Swing Traders 📈: Use the indicator to identify price trends and reversals based on moving averages.
Day Traders ⏳: Set short-term percentage levels to catch immediate price movements.
Long-Term Investors 💼: Track longer-term trends and set alerts when prices deviate significantly from your moving average.
Take control of your trading strategy with this Adjustable Moving Average Indicator and start making more informed decisions today! 🏅
Change from V1.0: Fixed Timeframe setting to match chart.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.