OPEN-SOURCE SCRIPT
FALSE BREAKOUT NO PROBLEM !! CHK TWIN MOV AVG SEGREGATED RIBBON
[] PROBLEM DEFINITION 1 : To Avoid False Breakouts
[] PROBLEM DEFINITION 2 : To Ascertain if the trend has changed when a Stock opens with a Gap up or Gap Down
## PROBABLE SOLUTION : Use a Moving Average with lot of latency
## PROBLEM WITH ABOVE SOLUTION : Misses on lot of trades, Late exits leads to drain on winning trades
[][] S O L U T I O N [][]
An Indicator which plots two different types of Moving Averages at the same time
For the MA length 5-100 a fast plot of choice
For the MA Length 110-200 a plot with a lag to ascertain the trend
And then ONE LAST MAN STANDING with even bigger MA length for a lagging indicator to save the day
This indicator gives one 9X9 = 81 Permutation Combinations to look at the markets
One can devise strategies basis if one particular MA Type has crossed another MA Type
Feel free to post the strategies you have come out with!
//// CREDITS AND ACKNOWLEDGEMENTS //////////////////////////////////////////////////////////////////
Following contributors helped the author ::
[] Credits to Neobutane for his Multiple Type Mov. Avg. Guppy at ......
https://hxxps://www.tradingview.c0m/script/UQAv1U0c-MA-Study-Different-Types-and-More-NeoButane/
[] Credits to Jose5770 for sharing Jurik MA code at .....
https://hxxps://www.tradingview.c0m/script/uqYvkHna-Trend-Direction-Force-Index/
Appreciate and Thank You for sharing your work.
//////////////////////////////////////////////////////////////////////////////////////////////////////
P.S You might notice in the code that the few plots are skipped. It is done to fasten the indicator without compromising
on the functionality
[] PROBLEM DEFINITION 2 : To Ascertain if the trend has changed when a Stock opens with a Gap up or Gap Down
## PROBABLE SOLUTION : Use a Moving Average with lot of latency
## PROBLEM WITH ABOVE SOLUTION : Misses on lot of trades, Late exits leads to drain on winning trades
[][] S O L U T I O N [][]
An Indicator which plots two different types of Moving Averages at the same time
For the MA length 5-100 a fast plot of choice
For the MA Length 110-200 a plot with a lag to ascertain the trend
And then ONE LAST MAN STANDING with even bigger MA length for a lagging indicator to save the day
This indicator gives one 9X9 = 81 Permutation Combinations to look at the markets
One can devise strategies basis if one particular MA Type has crossed another MA Type
Feel free to post the strategies you have come out with!
//// CREDITS AND ACKNOWLEDGEMENTS //////////////////////////////////////////////////////////////////
Following contributors helped the author ::
[] Credits to Neobutane for his Multiple Type Mov. Avg. Guppy at ......
https://hxxps://www.tradingview.c0m/script/UQAv1U0c-MA-Study-Different-Types-and-More-NeoButane/
[] Credits to Jose5770 for sharing Jurik MA code at .....
https://hxxps://www.tradingview.c0m/script/uqYvkHna-Trend-Direction-Force-Index/
Appreciate and Thank You for sharing your work.
//////////////////////////////////////////////////////////////////////////////////////////////////////
P.S You might notice in the code that the few plots are skipped. It is done to fasten the indicator without compromising
on the functionality
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?
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