Rain5369

Moving Average Trend

█ OVERVIEW
This is a Moving Average Script that contains both a cloud and a ribbon that has independent MA-type selection.
⬆ green arrow up = up trend flip
⬇ red arrow down = down trend flip
🟢 Green Dot = Potential Long
🔴 Red Dot = Potential Short

█ CONCEPTS
1 — Cloud, like most trading algo, the cloud is made of 8 short term MA , with MA cross and MA cross (longema)


2 — Ribbon, this is by default turned off, the default values , an option in setting to change longema to look for ribbon cross


3 — Sequence, It goes from 1 – 9 at 9 the sequence resets. The sequence changes colour depending on if it’s a down trend(red) or uptrend(green) or an over extended trend (yellow)
Setup definitions
Red sell start = current close < the close 4 candles back
Yellow sell extended = current close < last close and current close < two closes back

Green buy start = current close > the close 4 candles back
Yellow buy extended = current close last close and current close < two closes back
This can help you find when it’s time to get out, or sit out of a choppy trend.


4 - Moving Average types:
sma = Simple Moving Average
ema = Exponential Moving Average
wma = Weighted Moving Average
vwma = Volume Weighted Moving Average
rma = Running Moving Average
alma = Arnaud Legoux Moving Average
hma = Hull Moving Average
jma = Jurik Moving Average
frama-o = frama
frama-m = frama mod
dema = Double Exponential Moving Average
tema = Triple Exponential Moving Average
zlema = Zero lag Exponential Moving Average
smma = Smoothed Moving Average
kma = kaufman Moving Average
tma = triangular Moving Average
gmma = Geometric Mean Moving Average
vida = Variable Index Dynamic Average
cma = Corrective Moving average
rema = Range Exponential Moving average

█ OTHER SECTIONS
• FEATURES: to describe the detailed features of the script, usually arranged in the same order as users will find them in the script's inputs.
 • HOW TO USE  • LIMITATIONS: Like with any MA script there is a lag factor associated with is.
 • RAMBLINGS: Experiment to your hearts content with all the MA types, I'm impartial to HMA as is
 • NOTES: some of the MA's are more taxing, therefore take longer to load, be patience, this is a trimmed down version of an existing invite only script i have
Versionshinweise: █ Update :
+ added the support for higher timeframes
+ Added a bool to switch for sequence
+ Added input for lookback bar for sequence, defval is 4
Open-source Skript

Ganz im Spirit von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es besser verstehen und überprüfen können. Herzlichen Glückwunsch an den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Veröffentlichung unterliegt den Hausregeln. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?