OPEN-SOURCE SCRIPT
Moving Average Periodical
Updated
PMA derives the length of its rendered SMA from the number of periods (example: 5 days) and the length of the period (example: 390 minutes)
The result is an indicator that should be the same across different time-frames of the same type. Allowing for the simple calculation and generation of a Daily Moving Average like the 5 Day SMA (the default for minute based time-frames).
The result is an indicator that should be the same across different time-frames of the same type. Allowing for the simple calculation and generation of a Daily Moving Average like the 5 Day SMA (the default for minute based time-frames).
Release Notes
Change-list:
- Now allows for targeting varying moving average types. Now SMA, WMA, and EMA are options.
- A float value is now used to allow for more fine tuning.
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 publication is governed by House rules. You can favorite it to use it on a chart.
Want to use this script 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.