OPEN-SOURCE SCRIPT

Multi Moving Average with Customization

683
Core Functionality

The indicator allows you to display up to 5 different moving averages on your chart simultaneously. 
Each moving average can be fully customized with its own settings.
 You can choose between 

1. Simple Moving Average (SMA), 

2. Exponential Moving Average (EMA)
3. Weighted Moving Average (WMA) types


Multi-Timeframe Support
One standout feature is the ability to display higher timeframe moving averages on lower timeframe charts. 
For example, you can show a 200 EMA from the daily chart while viewing a 15-minute chart.

Advanced Visualization Features
The indicator includes several visualization enhancements:
1. MA Cloud - Creates a filled area between any two selected moving averages. The cloud automatically changes color based on which MA is on top - typically green when the faster MA is above (bullish) and red when below (bearish).
2. Golden/Death Cross Detection - Automatically detects and marks important MA crossover events:
* Golden Cross: When a shorter-term MA crosses above a longer-term MA (bullish signal)
* Death Cross: When a shorter-term MA crosses below a longer-term MA (bearish signal)
3. Trend Background - Colors the entire chart background based on whether price is above or below a specified MA, giving a clear visual indicator of the overall trend.


Alert System
The indicator can generate alerts when price crosses above or below any selected moving average. This feature is useful for automated trading signals or notifications, and can be configured to trigger once per bar.


Flexible Architecture
The code uses several programming techniques to maximize flexibility:
* Switch statements for selecting MA types and cloud values
* Conditional logic throughout the code
* Function abstraction for calculating MAs and handling multi-timeframe display
* String identifiers to select which MAs to use for cloud visualization

Unique Technical Aspects
1. The multi-timeframe plotting function solves the common problem of higher timeframe MAs looking distorted on lower timeframe charts.
2. The cloud feature uses string identifiers to select which MAs to use, allowing for any combination.
3. The indicator employs smart conditional logic to handle complex decision trees efficiently.
4. Every visual aspect (colors, line widths, display conditions) is customizable through the settings.


This indicator combines multiple technical analysis tools into a single, highly configurable package that can adapt to different trading styles and timeframes. 
Its ability to correctly display higher timeframe MAs on lower timeframe charts makes it particularly valuable for traders who analyze multiple timeframes simultaneously.

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.