Offset Moving Average — Indicator by CaptainBrett

While Moving Averages can often serve as excellent forms of support or resistance, they are rarely perfect. Often times the price will either stop short or penetrate the moving average and at times it can almost seem consistent. The Offset Moving Average indicator allows for a moving average to be offset by a percentage (as well as time) in order to see if the price has an offset correlation to a moving average.

Offset Moving Average supports a dual color line, in order to better see when the MA has been crossed. It can be used for an SMA , EMA , TEMA or VWMA average with an adjustable source, length and color.

Lastly, Offset Moving Average supports showing the daily moving average on all intervals. This can be disabled in Settings.

Have modification ideas for this indicator? Just let me know and I will gladly consider them!

Your constructive feedback and creative ideas are valued in my commitment to continuous improvement and user satisfaction.

If you find my trading indicators beneficial, I welcome your support through donations at: linktr.ee/captainbrett

Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

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.

Want to use this script on a chart?