Triple MA HTF Indicator - Dynamic Smoothing

21 Feb

The indicator version of the "Triple MA HTF Strategy - Dynamic Smoothing" strategy script. In summary the indicator consist of 3 higher time frame moving averages. In which the highest timeframe is used for confirmation on the trend (filter). Moving average 1 and 2 are used to enter and exit the trade (crossover / crossunder). The main principle is to detect momentum when the faster MA 1 crosses the slower MA 2 and only trade with the trend (MA3). The dynamic smoothing in the code makes the indicator suitable to trade on lower tramecharts. The indicator script comes with the following features:

• options for different types of MA.
  
• options to choose from different timeframes & select # bars of that timeframe to calculate the MA value.
  
• visualizations of the MA using Dynamic Smoothing calculations on lower timecharts. Note that the chart opened should be lower than the selected timeframes in the configurations.
  
• Alerts for entry long, shorts and exits.
  

For more details on the script and possibility for backtesting the Triple MA HTF indicator I refer to my earlier published strategy script: https://www.tradingview.com/script/Dv36ngOr-Triple-MA-HTF-strategy-Dynamic-Smoothing/