Power Moving Average by Nico Muselle

20 apr 2018

A PRO version with more options is available at

• Did you ever want to apply the Daily Moving Average to an hourly chart ?
  
• Are you tired of switching between time frames for seeing where that moving average is on the higher time frame ?
  
• Do you want to display these moving averages on your current time frame ?
  

NOW YOU CAN !

In comes the Power Moving Average which offers you the opportunity to :

• Display moving averages of any (higher) time frame you wish
  
• Select which type of Moving Average you want to display
  

Power Moving Average offers the following types of averages :

SMA - Simple Moving Average
Read more: Simple Moving Average (SMA) investopedia.com/terms/s/sma.asp


EMA - Exponential Moving Average
Read more: Exponential Moving Average (EMA) investopedia.com/terms/e/ema.asp


WMA - Weighted Moving Average
Read more: Linearly Weighted Moving Average investopedia.com/terms/l/linearlyweightedmovingaverage.asp


VWMA - Volume Weighted Moving Average
Read more : tradingsetupsreview.com/volume-weighted-moving-average-vwma/

RMA
Read more : partners.futuresource.com/workstation/help/charts/studies/rmi.htm

[bFAQS/b]
Q : Why are the Power Moving Averages not smooth historically ?
A : As the moving average is calculated on the close of the higher time frame and this close does not change for X- candles, the moving value does not change

Q : Can I add more than one Power Moving Average ?
A : Yes you can, just apply the Power Moving Average multiple times to your chart (free TradingView accounts are limited to 3 indicators)

Q : Can I apply lower time frame Moving Averages ?
A : While this is possible, the value will change during your current time frame candle, this might however be something scalpers want ?

Q : I have a free TradingView account and reached my indicator limit, what can I do ?
A : There are 2 possible solutions, first one is to get a TradingView Pro account (tradingview.com/gopro), second option is to get our Triple Power Moving Average for a one time price. Please PM for more information.

If you like this script, please share and hit that like bottom ! Also check out my other indicators here : tradingview.com/u/Nico.Muselle/

Thank you !