OPEN-SOURCE SCRIPT
Rainbow MA Study

I've been interested in 'Multiple Moving Averages' lately and came across another script on here for a Rainbow MA.
Unfortunately its source is private and I wanted to try things out with other MA types so I put this together.
I also wanted to make it a seperate study so I could view regular bars without the clutter.
The general rule of thumb with these is the larger the price movement the wider the lines become giving you sort of a wave effect.
When the lines bunch up together you know there's going to be a breakout opportunity that will present itself.
Partly art, partly practical, entirely overkill. Enjoy!
The anchor multiplier should basically allow you to view things in relation to another time period, but it takes forever to load and will likely time out.
Since there are 63 MA's being calculated and plotted changing options on the fly takes some time to process and load.
I'm also pretty new to pine script so it's probably not the best implementation.
MA types: EMA (default), SMA, WMA, VWMA, SMMA, DEMA, TEMA, HullMA, ZEMA, TMA, SSMA
Play around with these to see some different effects.
The white line is the current close price.
Color 1 МАs: 2,3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15
Color 2 MAs: 17, 19, 21, 23, 25, 27, 29, 31, 33, 35, 37, 39, 41
Color 3 MAs: 44, 47, 50, 53, 56, 59, 62, 65, 68, 71, 74
Color 4 MAs: 78, 82, 86, 90, 94, 98, 102, 106, 110, 114, 118, 122
Color 5 MAs: 126, 131, 137, 143, 149, 155, 155, 161, 167, 173, 179, 185, 191, 197
You can more easily change the colors at the top of this source code instead of one by one in the settings.
If you want this on your main chart instead of a separate window you'll just need to change overlay=true in the study.
References & Thanks:
JustUncleL:
For the timeframe anchor, MA variants, and generally awesome work. This is more practical.
StickyCheeba:
For the idea.
Here's some shots to get an idea of the differences.
HullMA:

VWMA:

SSMA:

TMA:

Unfortunately its source is private and I wanted to try things out with other MA types so I put this together.
I also wanted to make it a seperate study so I could view regular bars without the clutter.
The general rule of thumb with these is the larger the price movement the wider the lines become giving you sort of a wave effect.
When the lines bunch up together you know there's going to be a breakout opportunity that will present itself.
Partly art, partly practical, entirely overkill. Enjoy!
The anchor multiplier should basically allow you to view things in relation to another time period, but it takes forever to load and will likely time out.
Since there are 63 MA's being calculated and plotted changing options on the fly takes some time to process and load.
I'm also pretty new to pine script so it's probably not the best implementation.
MA types: EMA (default), SMA, WMA, VWMA, SMMA, DEMA, TEMA, HullMA, ZEMA, TMA, SSMA
Play around with these to see some different effects.
The white line is the current close price.
Color 1 МАs: 2,3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15
Color 2 MAs: 17, 19, 21, 23, 25, 27, 29, 31, 33, 35, 37, 39, 41
Color 3 MAs: 44, 47, 50, 53, 56, 59, 62, 65, 68, 71, 74
Color 4 MAs: 78, 82, 86, 90, 94, 98, 102, 106, 110, 114, 118, 122
Color 5 MAs: 126, 131, 137, 143, 149, 155, 155, 161, 167, 173, 179, 185, 191, 197
You can more easily change the colors at the top of this source code instead of one by one in the settings.
If you want this on your main chart instead of a separate window you'll just need to change overlay=true in the study.
References & Thanks:
JustUncleL:

For the timeframe anchor, MA variants, and generally awesome work. This is more practical.
StickyCheeba:

For the idea.
Here's some shots to get an idea of the differences.
HullMA:
VWMA:
SSMA:
TMA:
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.
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.
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.