vdubus

Momentum VMA KITKAT CROSS v2.1

*Update couple of fixes + installed full Kitkat.

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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//Momentum VMA KITKAT CROSS v2.1
//Vdubus_Channel http://www.vdubus.co.uk/
study(title = "Momentum VMA KITKAT CROSS v2.1", shorttitle="MVMA_KITKAT_CROSS_v2.1", overlay = true)
length = input(25, minval=1)
src = input(close, title="Source")
mvma = wma(2*wma(src, length/2)-wma(src, length), round(sqrt(length)))
plot(mvma, linewidth=2, offset=+1, color=blue, transp=0, title="MVMA 1")
//
length2 = input(21, minval=1)
src2 = input(close, title="Source")
mvma2 = wma(2*wma(src2, length2/2)-wma(src2, length2), round(sqrt(length2)))
plot(mvma2, linewidth=2, offset=+0, color=red, transp=0, title="MVMA 2")
//
source = close, length3 = input(9, minval=1)
Lead = wma(2*wma(source, length3/2)-wma(source, length3), round(sqrt(length3)))
plot(Lead, linewidth=3, offset=+0, color=black, transp=0, title=" Lead MVMA")

plot(cross(Lead,mvma2) ? mvma2 : na, style = cross, linewidth = 4, title="MVMA cross")

RST = input(title='KITKAT 1:', type=integer, defval=16)     //
RSTT = valuewhen(high >= highest(high, RST), high, 0)
RSTB = valuewhen(low <= lowest(low, RST), low, 0)
RT2 = plot(RSTT, color=RSTT != RSTT[1] ? na : red, linewidth=4, offset=+0, title="Resistance")
RB2 = plot(RSTB, color=RSTB != RSTB[1] ? na : green, linewidth=4, offset=0, title="Support")

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RST2 = input(title='KITKAT 2:', type=integer, defval=16)     //
RSTT2 = valuewhen(high >= highest(high, RST2), high, 1)
RSTB2 = valuewhen(low <= lowest(low, RST2), low, 1)
RT22 = plot(RSTT2, color=RSTT2 != RSTT2[1] ? na : red, linewidth=9, offset=+0, title="Resistance")
RB22 = plot(RSTB2, color=RSTB2 != RSTB2[1] ? na : green, linewidth=9, offset=0, title="Support")

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