OPEN-SOURCE SCRIPT

Dual MA Trendline with Angle Lock

299
"Dual MA Trendline with Angle Lock + Multiplier Bands" is a trend-following overlay indicator that combines two moving averages (MAs), each with a special "angle lock" mechanism.

Key mechanics: Instead of plotting the raw MA directly as the main trend line, it creates a piecewise-linear trendline for each MA.

The trendline locks its slope (angle) and starting value whenever the MA's recent slope changes significantly (more than the user-defined angleThreshold).

Between these "slope reset" points, the trendline continues with constant slope (straight line segments), producing flatter, more persistent trend representations than a curving MA.
Around the locked trendline, it draws symmetric bands:Base band (1×) — always shown
Optional multiplier bands (2×, 4×, 8×) — configurable

Bands can be in percentage (volatility-adaptive) or fixed points (useful for forex/crypto with small price units or tick-based instruments).
It also plots fills between the two MAs' bands/trendlines → visually highlights:Upper zone (greenish fill)
Middle zone (blueish fill)
Lower zone (reddish fill)

In short: two independent "locked-angle trend ribbons" with multiplier deviation bands + inter-ribbon fills.

Main Use Cases
Trend direction & strength visualization
The locked-slope trendlines stay straighter and change direction less frequently than normal MAs → clearer visual read of the prevailing trend (especially useful on noisy charts).

Dynamic support/resistance zones
1× bands act as near-term dynamic S/R.
2× / 4× / 8× bands serve as progressively stronger support/resistance or "overextended" levels.
→ Many traders watch for price rejection, bounces, or acceleration once price reaches 2×–4× bands.

Mean-reversion / pullback entries (especially in ranging or mildly trending markets)
Price touching or exceeding outer multiplier bands + returning toward the trendline often signals good mean-reversion setups.

Trend-continuation / breakout filtering Price riding above the upper bands in uptrend → strong momentum continuation. Price breaking and closing outside 4×–8× bands → potential acceleration or trend exhaustion signal.

Dual-timeframe / dual-speed MA comparison MA 1 is usually longer/slower (default 128), MA 2 is shorter/faster (default 14).
The fills between them act like a "trend tunnel" — wide middle fill = strong trend, narrowing = consolidation, color changes = possible reversal.

Clean chart alternative to channels / regression / envelopes
The angle-locking creates straighter, less whipsaw-prone lines than typical Bollinger Bands, Keltner Channels, or regression channels, while still adapting to price.

Typical settings example MA1: longer period (50–200), small angle threshold → persistent major trend
MA2: shorter period (9–34), larger angle threshold → more responsive minor trend
Use percentage bands on stocks/indices, fixed points on forex/crypto with small pip values.

Overall → very popular style among traders who like clean, low-repaint trend + deviation band systems (similar spirit to SuperTrend + envelopes, but with custom slope-locking logic).

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.