OPEN-SOURCE SCRIPT
Dual Smoothed Moving Averages
Dual Smoothed Moving Averages (SMMA)
Description:
This indicator plots two customizable Smoothed Moving Averages (SMMA) on your chart, allowing traders to analyze trends and price movements with greater flexibility. The SMMA is a variation of the moving average that smooths out price data more effectively, reducing noise and providing clearer signals for trend direction.
Features:
Two Independent SMMAs: Customize the length, source, and color for each SMMA to suit your trading strategy.
Overlay on Chart: The moving averages are plotted directly on the price chart for seamless analysis.
Dynamic Calculations: The recursive SMMA formula ensures accurate and adaptive smoothing of price data.
How to Use:
SMMA 1: Set the desired length and source (e.g., close, open, high) for the first moving average.
SMMA 2: Customize the second moving average with its own length and source.
Adjust the colors of each line to differentiate them visually.
This tool is ideal for trend-following strategies, crossover techniques, or identifying dynamic support and resistance levels. Whether you're a swing trader, scalper, or long-term investor, the Dual SMMA indicator offers powerful insights into market behavior.
Description:
This indicator plots two customizable Smoothed Moving Averages (SMMA) on your chart, allowing traders to analyze trends and price movements with greater flexibility. The SMMA is a variation of the moving average that smooths out price data more effectively, reducing noise and providing clearer signals for trend direction.
Features:
Two Independent SMMAs: Customize the length, source, and color for each SMMA to suit your trading strategy.
Overlay on Chart: The moving averages are plotted directly on the price chart for seamless analysis.
Dynamic Calculations: The recursive SMMA formula ensures accurate and adaptive smoothing of price data.
How to Use:
SMMA 1: Set the desired length and source (e.g., close, open, high) for the first moving average.
SMMA 2: Customize the second moving average with its own length and source.
Adjust the colors of each line to differentiate them visually.
This tool is ideal for trend-following strategies, crossover techniques, or identifying dynamic support and resistance levels. Whether you're a swing trader, scalper, or long-term investor, the Dual SMMA indicator offers powerful insights into market behavior.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
Möchten Sie dieses Skript auf einem Chart verwenden?
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.