[RS]Moving Average Trend Expansion Analysis V0 — Indicator by RicardoSantos

movingaverage trend analysis experimental expansion simplemovingaverage

experimental: analyzing the differences between price closure and multiple moving averages to discern movement and direction of market.
upper signal is the long trend, while the lower signal symbolizes faster movements within the trend.

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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study(title="Moving Average Trend Expansion Analysis V0", shorttitle="MATEA.V0", overlay=false)
length1 = input(1)
length2 = input(24)
length3 = input(120)

source = close
osc1 = sma(source, length1) - sma(source, length2)
osc2 = sma(source, length1) - sma(source, length3)

smooth1 = sma(osc1, input(2))
smooth2 = sma(osc2, input(24))

//plot(osc, color=gray, style=columns)
scolor1=smooth1 > smooth1[1] and smooth1 > 0 ? green : 
        smooth1 > smooth1[1] and smooth1 < 0 ? olive : 
        smooth1 < smooth1[1] and smooth1 < 0 ? maroon : 
        smooth1 < smooth1[1] and smooth1 > 0 ? orange : black

scolor2=smooth2 > smooth2[1] and smooth2 > 0 ? green : 
        smooth2 > smooth2[1] and smooth2 < 0 ? olive : 
        smooth2 < smooth2[1] and smooth2 < 0 ? maroon : 
        smooth2 < smooth2[1] and smooth2 > 0 ? orange : black

plot(smooth2, color=scolor2, style=columns, linewidth=1)
plot(smooth2, color=black, style=line, linewidth=1)

plot(smooth1, color=scolor1, style=histogram, linewidth=2)
plot(smooth1, color=black, style=line, linewidth=1)

hline(0)

//  ||---   Caps analysis
upperholder = nz(upper[1])
lowerholder = nz(lower[1])
upper = smooth2 >= upperholder ? smooth2 : upperholder
lower = smooth2 <= lowerholder ? smooth2 : lowerholder

signal1 = cross(smooth2, 0) ? upper : na
signal2 = cross(smooth1, 0) ? lower : na
signalcolor1 = smooth2 > 0 ? green : maroon
signalcolor2 = smooth1 > 0 ? green : maroon
hidesignals = input(true)
plot(hidesignals ? na : signal1, style=cross, color=signalcolor1, linewidth=4)
plot(hidesignals ? na : signal2, style=cross, color=signalcolor2, linewidth=4)