IvanLabrie

Moving averages and bands

I coded this simple indicator based on multiple ideas shared by Tim West at his "Key Hidden Levels" chatroom.

  • We have a moving average ribbon comprised of the average of the highs and lows in 10 periods. The colored space in between acts more or less like fair value and is often where price is when consolidating.
  • Green and red triangles at the top and bottom of the screen.
    The ones at the bottom, correspond to signals obtained from a 4 period moving average of the close's slope. It helps get excellent exits for trending moves by changing color with the moving average slope.
    The ones at the top, are green while Bollinger Band Width increases, and red while it decreases, relative to the previous bar.
  • Background color highlights when the close moves over the moving average of the highs or under the moving average of the lows, indicating a change of trend is possible, or at least a pause/consolidation.
The idea is to have multiple reasons to stay in a trade, which is normally very hard to do, specially when winning.

Cheers,
Ivan Labrie

Time at Mode FX

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Açık kaynak kodlu komut dosyası

Gerçek TradingView ruhuyla, bu betiğin yazarı, yatırımcının anlayabilmesi ve doğrulayabilmesi için onu açık kaynak olarak yayınladı. Yazarın eline sağlık! Bunu ücretsiz olarak kullanabilirsiniz, ancak bu kodun bir yayında yeniden kullanımı Kullanım Koşulları ile yönetilir. Bir grafikte kullanmak için favorilere ekleyebilirsiniz.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.

Bu komut dosyasını bir grafikte kullanmak ister misiniz?
study(title="Moving averages and bands", overlay=true)
//10 period high and low sma's
highma = sma(high, 10)
lowma = sma(low, 10)
bull=crossover(close,highma)
bear=crossunder(close,lowma)
//4 period MA slope
avg = sma(close,4)
avgup = avg >= avg[3]
avgdown = avg < avg[3]
//Bollinger Bands and Bollinger Bands' Width
basis = sma(close, 21)
dev = stdev(close, 21)
upper = basis + (2*dev)
lower = basis - (2*dev)
bbw = (upper - lower)/basis
bbwup = bbw >= bbw[3]
bbwdown = bbw < bbw[3]
//plots
p1=plot(highma, color = green, linewidth=2, style=line, transp=50)
p2=plot(lowma, color = maroon, linewidth=2, style=line, transp=50)
fill(p1, p2, color=green)

p3=plotshape(avgup, style=shape.triangleup, color=green,location=location.bottom)
p4=plotshape(avgdown, style=shape.triangledown, color=red, location=location.bottom)

p5=plot(upper, linewidth=2, style=line, transp=70, color=teal)
p6=plot(lower, linewidth=2, style=line, transp=70, color=teal)
fill(p5, p6, color=white)

p7=bgcolor(bull ? green : na, transp=90)
p8=bgcolor(bear ? red : na, transp=90)

p9=plotshape(bbwup, style=shape.triangleup, color=green,location=location.top)
p10=plotshape(bbwdown, style=shape.triangledown, color=red, location=location.top)