OPEN-SOURCE SCRIPT
Multiple Moving Averages with Offset

User Description:
This indicator is designed to provide insights into market trends based on multiple moving averages with customizable offsets. It combines short-term and long-term moving averages to offer a comprehensive view of price movements. The user can adjust various parameters to tailor the indicator to their preferred settings.
How the Strategy Works:
Short-Term Fast Moving Average:
Length: 47 (Adjustable by the user)
Offset: Adjustable (User-defined)
Color: Green
Line Thickness: 2 (Thicker green line for better visibility)
Long-Term Fast Moving Average:
Length: 203 (Adjustable by the user)
Offset: Adjustable (User-defined)
Color: Red
Line Thickness: 2 (Thicker red line for better visibility)
Long-Term Slow Moving Average:
Length: 100 (Adjustable by the user)
Offset: 77 (Adjustable by the user)
Color: Custom Red (RGB: 161, 5, 5)
Line Thickness: 2 (Thicker red line for better visibility)
Interpretation:
When the Short-Term Fast Moving Average (green line) is above the Long-Term Fast Moving Average (red line), it may signal a potential uptrend.
Conversely, when the Short-Term Fast Moving Average is below the Long-Term Fast Moving Average, it may indicate a potential downtrend.
The Long-Term Slow Moving Average provides additional context, allowing users to assess the strength and stability of trends.
Customization:
Users can experiment with different lengths and offsets to fine-tune the indicator based on their trading preferences and market conditions.
TIPS:
- When price action reaches upper RED moving average is probable that the price action is close to a pull back or change of direction.
- When price action falls and closes below the bottom RED moving average it can be a possible change of direction to the downside.
- You can use the green moving average as a filter and confluence to identify if the price action is moving towards the upside or downside.
Note: This indicator is for informational purposes only and should be used in conjunction with other analysis tools for comprehensive decision-making.
This indicator is designed to provide insights into market trends based on multiple moving averages with customizable offsets. It combines short-term and long-term moving averages to offer a comprehensive view of price movements. The user can adjust various parameters to tailor the indicator to their preferred settings.
How the Strategy Works:
Short-Term Fast Moving Average:
Length: 47 (Adjustable by the user)
Offset: Adjustable (User-defined)
Color: Green
Line Thickness: 2 (Thicker green line for better visibility)
Long-Term Fast Moving Average:
Length: 203 (Adjustable by the user)
Offset: Adjustable (User-defined)
Color: Red
Line Thickness: 2 (Thicker red line for better visibility)
Long-Term Slow Moving Average:
Length: 100 (Adjustable by the user)
Offset: 77 (Adjustable by the user)
Color: Custom Red (RGB: 161, 5, 5)
Line Thickness: 2 (Thicker red line for better visibility)
Interpretation:
When the Short-Term Fast Moving Average (green line) is above the Long-Term Fast Moving Average (red line), it may signal a potential uptrend.
Conversely, when the Short-Term Fast Moving Average is below the Long-Term Fast Moving Average, it may indicate a potential downtrend.
The Long-Term Slow Moving Average provides additional context, allowing users to assess the strength and stability of trends.
Customization:
Users can experiment with different lengths and offsets to fine-tune the indicator based on their trading preferences and market conditions.
TIPS:
- When price action reaches upper RED moving average is probable that the price action is close to a pull back or change of direction.
- When price action falls and closes below the bottom RED moving average it can be a possible change of direction to the downside.
- You can use the green moving average as a filter and confluence to identify if the price action is moving towards the upside or downside.
Note: This indicator is for informational purposes only and should be used in conjunction with other analysis tools for comprehensive decision-making.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
Contact me for a free market analysis!!
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
Contact me for a free market analysis!!
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.