This script allows up to 10 moving averages to be customised and plotted.
You can set the number of days used in the calculation from: 1 to 999.
Choose between :EMA, SMA , WMA for each MA.
Set source value: open, high, low, close, hl2 , hlc3, ohcl4.
Adjust the colour and line style to suit your taste.
Each MA can be enabled / disabled with the click of a button.
Multiple (8) customizable MA
Features:
Set MA-Type/Smoothing: "RMA", "SMA", "EMA", "WMA", "VWMA"
Set Timeframe/Resolution: "60", "240", "1D", "1W", "1M", "Chart"
To use the native chart time resolution select "Chart" as TimeFrame
The weights of this moving average are powers of the weights of the standard weighted moving average WMA .
Remember:
When parameter Power = 0, you will get SMA .
When parameter Power = 1, you will get WMA .
Good luck!
Instead of wasting 6 indicators this script lets you do custom 6 moving averages in one.
You are able to select MA EMA or WMA
Default values: 7, 30, 50, 100, 128, 200
Instead of wasting 6 indicators this script lets you do custom 6 moving averages in one.
You are able to select MA EMA or WMA
Default values: 7, 30, 50, 100, 128, 200
Adopted to Pine from systemtradersuccess.com
They wrote that this average is designed to be a robust version of a moving average to reduce the impact of outliers, but I dont see a significant difference comparing it with SMA. So, I published it for the educational purposes.
To learn more about the robust filters and averages google Hampel Filter, Interquartile...
7 moving averages in 1 indicator, including the Hull Moving Average.
I've updated with some graphics that print at the top of the chart (you can change color and placement on the indicator settings page)
All 7 MAs Up - Green and up triangle
All 7 MAs Down - Red and down triangle
4, 5 or 6 MAs Up - Dark green and a square
4, 5 or 6 MAs Down - Maroon and a square
This histogram is based on the difference between SMA and WMA (I make it as false MACD to create signals)
Since we have the non repainting MTF function we can see the buy and the sell signals at different time frames.
the color of the histo change according to difference so as the color change from dark red to light red be ready to buy and if color change from...
Get a quick easy view of the current market status.
Examples used above are lengths 6 and 15, but you can tweak to your liking.
Want to stop sweating the small stuff and see the bigger picture? Try increasing the length to 50, 100 etc
Green = Bullish
Orange = Consolidation / Flat
Red =...
Original strategy by HPotter :
Actually I still have no idea how it work but the backtest result is way too good haha
Let me know if you want to try this strategy.
