Trend Following with Moving Averages

Hello Traders,

With the info "Trend is Your Friend", you should not take position against the trend. This script checks multipte moving averages if they are above/below the closing price and try to find trend. The moving averages with the length 8, 13, 21, 34, 55, 89, 144, 233, 377 used. these are fibonacci numbers, but optionally you can change the lengths of each moving averages. while it's green you better take long positions, while it's red you better take short positions according to other indcators or tools.

Optionally you have "smoothing" option to get rid of whipsaws. it's enabled by default.

You have option to use following moving average types: EMA , SMA , RMA, WMA , VWMA . by default it's EMA

Also the script has "Resolution" option. with this option you can get the trend for other time frames, in following example 1h was set as for higher time frame on 15m chart:

This should not be used as buy/sell signal indicators as it's tries to find trend but not entry points, you should use other indicators (such RSI , Momentum) or other tools to find buy/sell signals.

즐겨찾기 스크립트에서 빼기 즐겨찾기 스크립트에 넣기
If you find my works useful, please consider a donation
BTC: 19qDW9AShZhBZsGuXcgRzam5Fbpc3EU8EV
ETH: 0x39c8552371b9b7f4e324197af460ba8bc8e18ef9


How to backtest
+2 응답
LonesomeTheBlue fyersgautam
@fyersgautam, as I wrote in the explanation part, you should combine this with other tools such RSI, Momentum etc or other tools you like.
+1 응답
Just a suggestion but if you can update for input from other indicators instead of just close, it would be even more cool -swiss type tool for trend monitoring

Loved the work!! :)
+2 응답
+1 응답
Thank you! really awesome
+1 응답
Thank you! Will definitely test this as a trend filter. As always, great work! :)
+1 응답
@aldrinjeth, please share the test results and recomendations ;)
This will be helpful for anything we do. Easier to spot. Thanks
+1 응답
As an MA and PA trader... I LOVE this. Filters out some noise the bands leave behind. Well done
홈으로 스탁 스크리너 포렉스 스크리너 크립토 스크리너 이코노믹 캘린더 사용안내 차트 특징 프라이싱 프렌드 리퍼하기 하우스룰(내부규정) 헬프 센터 웹사이트 & 브로커 솔루션 위젯 차팅 솔루션 라이트웨이트 차팅 라이브러리 블로그 & 뉴스 트위터
프로화일 프로화일설정 계정 및 빌링 리퍼드 프렌즈 코인 나의 서포트 티켓 헬프 센터 공개아이디어 팔로어 팔로잉 비밀메시지 채팅 로그아웃