Ninorigo

Custom Moving Average (EMA & SMA)

This script is a custom visualization tool to plot 4 Moving Averages (MA).

Each MA is customizable; you can:
  • enable (disable) the plot of MA;
  • select whether the MA is an EMA or an SMA ;
  • the length;
  • the source (open, close, ...);
  • the offset value (default is 0).

Note:
  • The 1st MA is an EMA with length 50.
  • The others MAs are SMA with length 9, 30 and 100 respectively.
Versionshinweise: Now, you can choice the following type of averages:
  • EMA
  • SMA
  • VWMA
  • TEMA

Note:
TEMA is the acronym of Triple Exponential Moving Average.

The formula and calculation for TEMA is:
TEMA =3∗EMA1 − 3∗EMA2 + EMA3

where:
EMA1 is the Exponential Moving Average (EMA)
EMA2 is the EMA of EMA1
​EMA3 is the EMA of EMA2
Versionshinweise: New version of script.

The Arnaud Legoux Moving Average (ALMA) is implemented. The ALMA indicator is a superior moving average as compared to the Exponential Moving and Simple Moving Averages.
The objective of the Arnaud Legoux Average is to minimize the noise and produce a more reliable signal than the conventional moving averages. The indicator (ALMA) removes small price fluctuations and also enhances the trend by applying a moving average (MA) twice, once from left to right, and once from right to left.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Kommentare

Can you add, TEMA and VWMA for me please?
Antworten
Ninorigo GarethSA
@GarethSA, Sure.
Stay tuned.
Antworten
GarethSA Ninorigo
@Ninorigo, Thanks and is this in the latest pinescript code V4?
Antworten
Ninorigo GarethSA
@GarethSA, Yes. It's the latest version.
Antworten
GarethSA Ninorigo
@Ninorigo,
When can you add those others ? Also everyone says ALMA is difficult to add but maybe you can aswell please?
Antworten
Ninorigo GarethSA
@GarethSA, Hey, my friend. Updated script in which I implemented TEMA and VWMA. :-)
Antworten
GarethSA Ninorigo
@Ninorigo, Thank you a TON
Antworten
GarethSA Ninorigo
@Ninorigo, .......and if you REALLY BORED or in a lockdown please add ALMA
Antworten
Ninorigo GarethSA
@GarethSA, :-D :-D Stay tuned.
Antworten
Ninorigo GarethSA
@GarethSA, ALMA is here :-) :-)

Please, check the script whether is all ok.
Antworten
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