OPEN-SOURCE SCRIPT
TRIPLE Moving Averages
Triple Moving Average System with Composite Average
This strategy uses three moving averages of different timeframes to assess trend direction, momentum, and potential entry/exit points. The averages are:
Fast MA (Short-term) – Typically a 12-period moving average.
Reacts quickly to price changes, providing early signals.
Medium MA (Intermediate-term) – Often a 21-period moving average.
Smooths out noise and confirms the trend suggested by the Fast MA.
Slow MA (Long-term) – Usually a 50-period moving average.
Represents the dominant trend; acts as a strong support/resistance level.
Additionally, the Composite Moving Average (CMA) is calculated as the average of the three MAs, providing a balanced reference point:
How to Use the System:
Bullish Signal:
When the Fast MA crosses above the Medium MA and both are above the Slow MA, confirming an uptrend.
The price staying above the CMA reinforces bullish strength.
Bearish Signal:
When the Fast MA crosses below the Medium MA and both are below the Slow MA, indicating a downtrend.
The price staying below the CMA confirms bearish momentum.
Trend Confirmation:
The slope and order of the MAs (Fast > Medium > Slow = uptrend; Fast < Medium < Slow = downtrend).
The CMA acting as dynamic support/resistance.
Advantages:
Reduces false signals compared to single or dual MA systems.
The CMA smooths volatility and provides a clearer trend bias.
Example Settings (Customizable):
Fast MA: 12-period SMA/EMA
Medium MA: 21-period SMA/EMA
Slow MA: 50-period SMA/EMA
This strategy uses three moving averages of different timeframes to assess trend direction, momentum, and potential entry/exit points. The averages are:
Fast MA (Short-term) – Typically a 12-period moving average.
Reacts quickly to price changes, providing early signals.
Medium MA (Intermediate-term) – Often a 21-period moving average.
Smooths out noise and confirms the trend suggested by the Fast MA.
Slow MA (Long-term) – Usually a 50-period moving average.
Represents the dominant trend; acts as a strong support/resistance level.
Additionally, the Composite Moving Average (CMA) is calculated as the average of the three MAs, providing a balanced reference point:
How to Use the System:
Bullish Signal:
When the Fast MA crosses above the Medium MA and both are above the Slow MA, confirming an uptrend.
The price staying above the CMA reinforces bullish strength.
Bearish Signal:
When the Fast MA crosses below the Medium MA and both are below the Slow MA, indicating a downtrend.
The price staying below the CMA confirms bearish momentum.
Trend Confirmation:
The slope and order of the MAs (Fast > Medium > Slow = uptrend; Fast < Medium < Slow = downtrend).
The CMA acting as dynamic support/resistance.
Advantages:
Reduces false signals compared to single or dual MA systems.
The CMA smooths volatility and provides a clearer trend bias.
Example Settings (Customizable):
Fast MA: 12-period SMA/EMA
Medium MA: 21-period SMA/EMA
Slow MA: 50-period SMA/EMA
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
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.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
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.