OPEN-SOURCE SCRIPT
LoTek - CT Moving Average Crossover Indicator - MTF [CT/LoTek]
This is a shameless fork of Caretaker's excellent CT MAC indicator. This indicator has 2 new features. I've added the ability to select a different timeframe for each moving average. This way you can set a Daily 10, or a weekly 20 or any other of your favorite lines and it will always be there on your chart. The other new features is the ability to select VWMA as well as SMA and EMA for each moving average. VWMA is pretty nice to watch as well, and with 9 moving averages to mix and match, I'm sure you'll find something worth keeping.
To fork this, I created a new "resolution" variable for each MA. I also created a new function that uses the request.security call to get the specific timeframe resolution. I backtested this with CT's OG script and the numbers stay the same... but I have a sneaky suspicion that VWMAs are not showing proper crossover values. So keep that in mind. The drawn lines are fine, but the crossover data when using VWMA may be off. I wrote the new function to default to EMA, so if it fails at VWMA, it will just show you EMA data.
Let's see, what else... please tell me if you find any bugs or want any other features baked in.
To fork this, I created a new "resolution" variable for each MA. I also created a new function that uses the request.security call to get the specific timeframe resolution. I backtested this with CT's OG script and the numbers stay the same... but I have a sneaky suspicion that VWMAs are not showing proper crossover values. So keep that in mind. The drawn lines are fine, but the crossover data when using VWMA may be off. I wrote the new function to default to EMA, so if it fails at VWMA, it will just show you EMA data.
Let's see, what else... please tell me if you find any bugs or want any other features baked in.
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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