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.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Contact me for a free market analysis!!
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Contact me for a free market analysis!!
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.