OPEN-SOURCE SCRIPT
Moving Averages Histogram

An interesting idea is to simplify the display of whether ONE fast-moving average crosses FIVE other slower-moving averages using just a histogram.
The idea is to increase the step counter by 1 every time a fast-moving average crosses OVER one of the five slower-moving averages until reaching 5 (highest value) and decrease the step counter by 1 every time the fast-moving average crosses UNDER each one of the five slower moving averages until reaching 0 (lowest value of the histogram).
=== Cut To Chase ===
If the histogram is at the top value 5 (green), it means the FAST moving average is ABOVE ALL slower-moving averages, Hench, the asset is up trending.
If the histogram is at the bottom value 0 (red), it means the FAST moving average is BELOW ALL slower-moving averages, Hench, the asset is down trending.
If the histogram is in the midways between 0 to 5, it means the FAST moving average is starting to cross the slower moving averages which could lead to a trend reversal, up or down, it depends on the direction of the crossing.
=== Notes ===
You can change from a variety of moving averages like RMA, EMA, ALMA, HMA, and so on.
You can reduce the number of slow-moving averages by placing the same length.
You can visualize the moving averages in case you want to see how it works behind, by going to settings and clicking 'Show MA lines'.
Every moving average length can be modified inside settings.
Note that the fast-moving average should have the lowest length.
You can visualize how the moving average is plotted:

The idea is to increase the step counter by 1 every time a fast-moving average crosses OVER one of the five slower-moving averages until reaching 5 (highest value) and decrease the step counter by 1 every time the fast-moving average crosses UNDER each one of the five slower moving averages until reaching 0 (lowest value of the histogram).
=== Cut To Chase ===
If the histogram is at the top value 5 (green), it means the FAST moving average is ABOVE ALL slower-moving averages, Hench, the asset is up trending.
If the histogram is at the bottom value 0 (red), it means the FAST moving average is BELOW ALL slower-moving averages, Hench, the asset is down trending.
If the histogram is in the midways between 0 to 5, it means the FAST moving average is starting to cross the slower moving averages which could lead to a trend reversal, up or down, it depends on the direction of the crossing.
=== Notes ===
You can change from a variety of moving averages like RMA, EMA, ALMA, HMA, and so on.
You can reduce the number of slow-moving averages by placing the same length.
You can visualize the moving averages in case you want to see how it works behind, by going to settings and clicking 'Show MA lines'.
Every moving average length can be modified inside settings.
Note that the fast-moving average should have the lowest length.
You can visualize how the moving average is plotted:
Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Para acesso rápido no gráfico, adicione esse script para seus favoritos — saiba mais aqui.
Appreciation of my work: paypal.me/dman103
All Premium indicators: algo.win
LIVE Stream - Pivot Points Algo: youtube.com/channel/UCFyqab-i0xb2jf-c18ufH0A/live
All Premium indicators: algo.win
LIVE Stream - Pivot Points Algo: youtube.com/channel/UCFyqab-i0xb2jf-c18ufH0A/live
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Para acesso rápido no gráfico, adicione esse script para seus favoritos — saiba mais aqui.
Appreciation of my work: paypal.me/dman103
All Premium indicators: algo.win
LIVE Stream - Pivot Points Algo: youtube.com/channel/UCFyqab-i0xb2jf-c18ufH0A/live
All Premium indicators: algo.win
LIVE Stream - Pivot Points Algo: youtube.com/channel/UCFyqab-i0xb2jf-c18ufH0A/live
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.