Variable Moving Average(VMA) with a view of the trend based on the VMA on multiple timeframes. The Variable Moving Average (VMA) is a study that uses an Exponential Moving Average being able to automatically adjust its smoothing factor according to the market volatility . The timeframes of the indicator must be set to a higher timeframe than whatever timeframe your chart is set to to work properly. Example(default): Trading on the 15m timeframe so have the timeframes set to: 1) Chart 2) 30m 3) 45m 4) 60m
Green line of VMA = uptrend in price action Red line of VMA = downtrend in price action White line of VMA = indecision in price action
Green candles = uptrend and above VMA Red candles = downtrend and below VMA White candles = indecision or chop in price action
Green symbol below candle = all six timeframes are above the VMA Red symbol above candle = all six timeframes are above the VMA No symbol above or below candle = indecision amongst the six timeframes
Notas de Lançamento
- Adjusted default timeframes shown to only 3 - Adjusted timeframes to higher timeframes over the 15m timeframe - Adjusted the table to only show the default 3 timeframes
Notas de Lançamento
-Added 1 additional timeframe to default timeframes -Adjusted colors of symbols and table
Notas de Lançamento
- Made default timeframes shown to 3
Notas de Lançamento
- updated default length to 9
Notas de Lançamento
- changed default Timeframes; defaulted to trade on 1H timeframe - new screen shot of chart to showcase possible strategy
Notas de Lançamento
added alerts for dots (bullish/bearish trend)
added cloud for other time frames' VMAs
Notas de Lançamento
added color in cloud for neutral
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This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
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.