OPEN-SOURCE SCRIPT
Dual Smoothed Moving Averages
Dual Smoothed Moving Averages (SMMA)
Description:
This indicator plots two customizable Smoothed Moving Averages (SMMA) on your chart, allowing traders to analyze trends and price movements with greater flexibility. The SMMA is a variation of the moving average that smooths out price data more effectively, reducing noise and providing clearer signals for trend direction.
Features:
Two Independent SMMAs: Customize the length, source, and color for each SMMA to suit your trading strategy.
Overlay on Chart: The moving averages are plotted directly on the price chart for seamless analysis.
Dynamic Calculations: The recursive SMMA formula ensures accurate and adaptive smoothing of price data.
How to Use:
SMMA 1: Set the desired length and source (e.g., close, open, high) for the first moving average.
SMMA 2: Customize the second moving average with its own length and source.
Adjust the colors of each line to differentiate them visually.
This tool is ideal for trend-following strategies, crossover techniques, or identifying dynamic support and resistance levels. Whether you're a swing trader, scalper, or long-term investor, the Dual SMMA indicator offers powerful insights into market behavior.
Description:
This indicator plots two customizable Smoothed Moving Averages (SMMA) on your chart, allowing traders to analyze trends and price movements with greater flexibility. The SMMA is a variation of the moving average that smooths out price data more effectively, reducing noise and providing clearer signals for trend direction.
Features:
Two Independent SMMAs: Customize the length, source, and color for each SMMA to suit your trading strategy.
Overlay on Chart: The moving averages are plotted directly on the price chart for seamless analysis.
Dynamic Calculations: The recursive SMMA formula ensures accurate and adaptive smoothing of price data.
How to Use:
SMMA 1: Set the desired length and source (e.g., close, open, high) for the first moving average.
SMMA 2: Customize the second moving average with its own length and source.
Adjust the colors of each line to differentiate them visually.
This tool is ideal for trend-following strategies, crossover techniques, or identifying dynamic support and resistance levels. Whether you're a swing trader, scalper, or long-term investor, the Dual SMMA indicator offers powerful insights into market behavior.
Script open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.