OPEN-SOURCE SCRIPT
Moving Average Heatmap Visualization
7 different types of moving averages (5 different lengths of each) compared to a base moving average. Base moving average can be configured to be a slew of different types of moving averages (credit to mortdiggiddy for the code) and have a custom length.
Red = base moving average is over other moving average (bearish)
Green = base moving average is under other moving average (bullish)
lengths for the different MAs are just fibonacci numbers due to lack of creativity.
First 5 moving averages are Simple moving average the next 5 are Exponential moving averages and after that it is weighted moving averages, volume weighted moving average (VWAP), Exponential volume weighted moving average (thanks again mortdiggiddy ), hull moving averages and lastly zero lag moving averages.
The indicator might lag your chart out a bit so be ready for that.
Have fun!
Red = base moving average is over other moving average (bearish)
Green = base moving average is under other moving average (bullish)
lengths for the different MAs are just fibonacci numbers due to lack of creativity.
First 5 moving averages are Simple moving average the next 5 are Exponential moving averages and after that it is weighted moving averages, volume weighted moving average (VWAP), Exponential volume weighted moving average (thanks again mortdiggiddy ), hull moving averages and lastly zero lag moving averages.
The indicator might lag your chart out a bit so be ready for that.
Have fun!
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.
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