This indicator is a set of 3 moving averages for which you can configure the type of the moving averages, their length, and of course the time frame. The moving averages you can choose from are:
- Simple Moving Average ( SMA ) - Exponential Moving Average ( EMA ) - Weighted Moving Average ( WMA ) - Running Moving Average (RMA) - Hull Moving Average ( HMA ) - Volume Weighted Moving Average ( VWMA ) - Arnaud Legoux Moving Average ( ALMA )
The time-frames you can choose from - minutes (1, 3, 5, 15, 45), hours (1, 2, 3, 4, 12), days (1, 3), weekly or monthly.
Overall, it is a minimalistic indicator. No major improvements or trading logic like some of my other indicators, but I did make it slightly easier to use and visually appealing. The MAs' colors change from light to dark green/blue/red depending on the trend - bullish or bearish respectively. Initially, those were changing from green to red (based on direction) but it became a bit confusing when they started crossing each other. Anyway, feel free to change those colors to whatever you like.
If you have suggestions on how to improve this indicator or ideas about new ones, please drop me a line. Thanks.
If I copy the code as it is and paste it into a new pine editor it doesn't work. I tried to modify it so it has 5 moving averages instead of 3. Any suggestions?
nynetjer888
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thank you so much, you save my life
CompoundTraders
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Really nice work. Hi need help with the alert - it can only do 2 of the three alerts to set off the alert correct? The alerts pull down tabs do not describe each alert that is set up.
Quant_
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@CompoundTraders, I will review it in the weekend and will message you.
Hot_section_Trader_
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Thank you!
Quant_
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@jousungp, you are welcome :)
st4gflation
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Awesome indicator. Exactly what I was after. Thank you!
Quant_
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@leon17858, happy to hear you find it useful :)
RickAdlam
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This is a great indicator. Thankyou. Can't understand why so few people have discovered it.