OPEN-SOURCE SCRIPT
Updated Qullamaggie 8EMA/21EMA/50EMA
//Exponantial Moving Average - 8
//Exponantial Moving Average - 21
//Simple Moving Average - 50
//Exponantial Moving Average - 21
//Simple Moving Average - 50
Release Notes
A moving average trend tracking indicator that has been designed to follow 8 EMA, 21 EMA and 50 SMA.Release Notes
RSI overbought/oversold has been added.%ADR has been added
Release Notes
Updated with both %ADR & %ATRRelease Notes
// • Removed %ATR calculation to simplify the indicator and improve performance// • Updated %ADR calculation to follow TC2000 definition: (SMA(High − Low, N) / Close) × 100
// • Updated 3rd moving average from SMA to EMA to match the indicator’s title
// • Removed RSI overbought/oversold label logic
// • Added RSI value to the top-right table, shown together with %ADR for a cleaner interface
// • Overall improvements: reduced code complexity, faster execution, and more consistent naming
Release Notes
Updated descriptionsOpen-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.