█ OVERVIEW This is a Moving Average Script that contains both a cloud and a ribbon that has independent MA-type selection. ⬆ green arrow up = up trend flip ⬇ red arrow down = down trend flip 🟢 Green Dot = Potential Long 🔴 Red Dot = Potential Short
█ CONCEPTS 1 — Cloud, like most trading algo, the cloud is made of 8 short term MA [2,6,11,18,21,24,28,34], with [1st,8th] MA cross and [2nd,6th] MA cross (longema)
2 — Ribbon, this is by default turned off, the default values [6,13,20,28,36,45,55,444], an option in setting to change longema to look for ribbon [1st,2nd] cross
3 — Sequence, It goes from 1 – 9 at 9 the sequence resets. The sequence changes colour depending on if it’s a down trend(red) or uptrend(green) or an over extended trend (yellow) Setup definitions Red sell start = current close < the close 4 candles back Yellow sell extended = current close < last close and current close < two closes back
Green buy start = current close > the close 4 candles back Yellow buy extended = current close last close and current close < two closes back This can help you find when it’s time to get out, or sit out of a choppy trend.
4 - Moving Average types: sma = Simple Moving Average ema = Exponential Moving Average wma = Weighted Moving Average vwma = Volume Weighted Moving Average rma = Running Moving Average alma = Arnaud Legoux Moving Average hma = Hull Moving Average jma = Jurik Moving Average frama-o = frama frama-m = frama mod dema = Double Exponential Moving Average tema = Triple Exponential Moving Average zlema = Zero lag Exponential Moving Average smma = Smoothed Moving Average kma = kaufman Moving Average tma = triangular Moving Average gmma = Geometric Mean Moving Average vida = Variable Index Dynamic Average cma = Corrective Moving average rema = Range Exponential Moving average
█ OTHER SECTIONS • FEATURES: to describe the detailed features of the script, usually arranged in the same order as users will find them in the script's inputs. • HOW TO USE • LIMITATIONS: Like with any MA script there is a lag factor associated with is. • RAMBLINGS: Experiment to your hearts content with all the MA types, I'm impartial to HMA as is • NOTES: some of the MA's are more taxing, therefore take longer to load, be patience, this is a trimmed down version of an existing invite only script i have
版本注释
█ Update : + added the support for higher timeframes + Added a bool to switch for sequence + Added input for lookback bar for sequence, defval is 4