OPEN-SOURCE SCRIPT
Custom Moving Averages
//version=6
indicator(title="Custom Moving Averages", overlay=true)
// Daily Moving Averages
ma10d = ta.sma(close, 10) // 10-day moving average
ma21d = ta.sma(close, 21) // 21-day moving average
// Weekly Moving Averages (Assuming 5 trading days per week)
ma10w = ta.sma(close, 50) // 10-week moving average (10 * 5)
ma30w = ta.sma(close, 150) // 30-week moving average (30 * 5)
// Plot the Moving Averages
plot(ma10d, color=color.blue, title="10-Day MA", linewidth=2)
plot(ma21d, color=color.green, title="21-Day MA", linewidth=2)
plot(ma10w, color=color.red, title="10-Week MA", linewidth=2)
plot(ma30w, color=color.orange, title="30-Week MA", linewidth=2)
indicator(title="Custom Moving Averages", overlay=true)
// Daily Moving Averages
ma10d = ta.sma(close, 10) // 10-day moving average
ma21d = ta.sma(close, 21) // 21-day moving average
// Weekly Moving Averages (Assuming 5 trading days per week)
ma10w = ta.sma(close, 50) // 10-week moving average (10 * 5)
ma30w = ta.sma(close, 150) // 30-week moving average (30 * 5)
// Plot the Moving Averages
plot(ma10d, color=color.blue, title="10-Day MA", linewidth=2)
plot(ma21d, color=color.green, title="21-Day MA", linewidth=2)
plot(ma10w, color=color.red, title="10-Week MA", linewidth=2)
plot(ma30w, color=color.orange, title="30-Week MA", linewidth=2)
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.