OPEN-SOURCE SCRIPT
Updated Compound Moving Average [DM]
Greetings Colleagues
We always have a problem with the type of moving average and how it is used, here are the two classics that I like the most "together".
I share a moving average composed of:
*3 exponential moving averages
*3 weighted moving averages
*For the initial calculation, the weight has been distributed using the Williams Ultimate Oscillator ultimate oscillator technique but I have added an input to be able to balance the load
We always have a problem with the type of moving average and how it is used, here are the two classics that I like the most "together".
I share a moving average composed of:
*3 exponential moving averages
*3 weighted moving averages
*For the initial calculation, the weight has been distributed using the Williams Ultimate Oscillator ultimate oscillator technique but I have added an input to be able to balance the load
Release Notes
Added Volume Weighted VariantOpen-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.
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.
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.