OPEN-SOURCE SCRIPT

Moving Average Channel

Aktualisiert
This indicator will use a moving average to create the channel around the price. It has some settings

Display Settings
Here it's possible to select what the indicator will display, from the middle line to the 3rd band level.
Reversion points will appear when the price cross out the selected band
Swing back option, when active, will make the indicator display the points when the price cross in the selected band

Moving Averages Settings
Here it's possible to select the moving averages settings that will be the basis for the channel calculation.
There are ten moving averages types t be selected, each one will give different entry points

Level Settings
Each level will apply the value on the moving average to get the level bands. All default numbers are from the Fibonacci sequence
When the extra filter is market, the indicator will display the crosses from the price and the selected band and also check if the candle closes in or out the bands.
That filter will check for a possible rejection of the price, providing more accurate movement indications, but fewer signals

Risk Management
In this part, it's possible to display stop loss and target profit levels based on the ATR indicator.
It's possible to select the multiplicator of the ATR to be applied on those levels
Versionshinweise
updated to pine script 5
arrowsAverage True Range (ATR)Moving AveragesmultipleTrend Analysis

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.

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