OPEN-SOURCE SCRIPT
Sticky Moving Average
The Sticky Moving Average is a custom indicator designed to provide a unique smoothing effect by combining different moving averages derived from a single base period. This indicator creates a single line on the chart, representing the average of the following three moving averages:
1. X-period Simple Moving Average (SMA): A traditional moving average that smooths the price data over the full period.
2. X/2-period Simple Moving Average (SMA): A faster-moving average that smooths the price data over half of the base period.
3. X/4-period Exponential Moving Average (EMA): An exponential moving average that gives more weight to recent prices, calculated over one-fourth of the base period.
The result is a moving average that "sticks" to price action by considering both short-term and long-term trends, offering a balanced view of market momentum.
This indicator is ideal for traders looking to gain a nuanced understanding of price movements by incorporating multiple smoothing periods into a single, easy-to-use line. Adjust the `X` value to suit your trading strategy and enjoy the clarity this composite moving average can bring to your charts.
1. X-period Simple Moving Average (SMA): A traditional moving average that smooths the price data over the full period.
2. X/2-period Simple Moving Average (SMA): A faster-moving average that smooths the price data over half of the base period.
3. X/4-period Exponential Moving Average (EMA): An exponential moving average that gives more weight to recent prices, calculated over one-fourth of the base period.
The result is a moving average that "sticks" to price action by considering both short-term and long-term trends, offering a balanced view of market momentum.
This indicator is ideal for traders looking to gain a nuanced understanding of price movements by incorporating multiple smoothing periods into a single, easy-to-use line. Adjust the `X` value to suit your trading strategy and enjoy the clarity this composite moving average can bring to your charts.
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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