OPEN-SOURCE SCRIPT
llama fixed-length moving averages [SMA, WMA]
Llama Moving Averages
I needed moving averages on my charts, but I wanted them hardcoded based on the following values:
timframe --- MA length
Daily --- 20D (==1 trading month)
Weekly --- 30W (30W moving averages for assessing long term trends)
15m --- 1W (or 5 days)
Two averages:
EMA and WMA: fast moving and slow moving based on closes.
In addition to this, I needed the following things:
1. MAs ONLY on 15m, 1D and 1W timeframes.
2. Consistent colors.
3. for 15m chart, we want a 5D SMA, so 1D = 15m * 25(±1); times 5; 25*5 = 125
4. Option to configure different values for the daily chart, since I trade the daily chart. Defaults: 20.
If you were looking for something similar, enjoy!
I needed moving averages on my charts, but I wanted them hardcoded based on the following values:
timframe --- MA length
Daily --- 20D (==1 trading month)
Weekly --- 30W (30W moving averages for assessing long term trends)
15m --- 1W (or 5 days)
Two averages:
EMA and WMA: fast moving and slow moving based on closes.
In addition to this, I needed the following things:
1. MAs ONLY on 15m, 1D and 1W timeframes.
2. Consistent colors.
3. for 15m chart, we want a 5D SMA, so 1D = 15m * 25(±1); times 5; 25*5 = 125
4. Option to configure different values for the daily chart, since I trade the daily chart. Defaults: 20.
If you were looking for something similar, enjoy!
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.