Problem: (1) lag of traditional MA's, (2) lack of Volume data in traditional MA's, and (3) choppiness of traditional MA's. Solution: apply hull formula tick to tick, simply at a factor of 1:1. Result: Smooth and fast MA that has volume data baked in it. Benefit: See trend changes fast, and if it is supported by volume. Pleasant to the eyes. Explanatory note:...
Library "MovingAverages" Contains utilities for generating moving average values including getting a moving average by name and a function for generating a Volume-Adjusted WMA. vawma(len, src, volumeDefault) VAWMA = VWMA and WMA combined. Simply put, this attempts to determine the average price per share over time weighted heavier for recent values. Uses a...
Manage moving averages, for every timeframe, from within one indicator. Features: ■ Intraday - Up to 3 moving averages ■ Daily - Up to 4 moving averages ■ Weekly - Up to 2 moving averages ■ Monthly - Up to 2 moving averages ■ Choose between simple, exponential or volume weighted moving averages (SMA, EMA or VWMA)
This script is a custom visualization tool to plot 4 Moving Averages (MA). Each MA is customizable; you can: enable (disable) the plot of MA; select whether the MA is an EMA or an SMA; the length; the source (open, close, ...); the offset value (default is 0). Note: The 1st MA is an EMA with length 50. The others MAs are SMA with length 9, 30...