OPEN-SOURCE SCRIPT
Triple MA HTF Indicator - Dynamic Smoothing
The indicator version of the "Triple MA HTF Strategy - Dynamic Smoothing" strategy script. In summary the indicator consist of 3 higher time frame moving averages. In which the highest timeframe is used for confirmation on the trend (filter). Moving average 1 and 2 are used to enter and exit the trade (crossover / crossunder). The main principle is to detect momentum when the faster MA 1 crosses the slower MA 2 and only trade with the trend (MA3). The dynamic smoothing in the code makes the indicator suitable to trade on lower tramecharts. The indicator script comes with the following features:
For more details on the script and possibility for backtesting the Triple MA HTF indicator I refer to my earlier published strategy script: https://www.tradingview.com/script/Dv36ngOr-Triple-MA-HTF-strategy-Dynamic-Smoothing/
- options for different types of MA.
- options to choose from different timeframes & select # bars of that timeframe to calculate the MA value.
- visualizations of the MA using Dynamic Smoothing calculations on lower timecharts. Note that the chart opened should be lower than the selected timeframes in the configurations.
- Alerts for entry long, shorts and exits.
For more details on the script and possibility for backtesting the Triple MA HTF indicator I refer to my earlier published strategy script: https://www.tradingview.com/script/Dv36ngOr-Triple-MA-HTF-strategy-Dynamic-Smoothing/
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 publication is governed by House rules. You can favorite it to use it on a chart.
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