This script is a custom visualization tool to plot 4 Moving Averages (MA).
Each MA is customizable; you can:
Note:
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 and 100 respectively.
版本注释:
Now, you can choice the following type of averages:
Note:
TEMA is the acronym of Triple Exponential Moving Average.
The formula and calculation for TEMA is:
TEMA =3∗EMA1 − 3∗EMA2 + EMA3
where:
EMA1 is the Exponential Moving Average (EMA)
EMA2 is the EMA of EMA1
EMA3 is the EMA of EMA2
- EMA
- SMA
- VWMA
- TEMA
Note:
TEMA is the acronym of Triple Exponential Moving Average.
The formula and calculation for TEMA is:
TEMA =3∗EMA1 − 3∗EMA2 + EMA3
where:
EMA1 is the Exponential Moving Average (EMA)
EMA2 is the EMA of EMA1
EMA3 is the EMA of EMA2
版本注释:
New version of script.
The Arnaud Legoux Moving Average (ALMA) is implemented. The ALMA indicator is a superior moving average as compared to the Exponential Moving and Simple Moving Averages.
The objective of the Arnaud Legoux Average is to minimize the noise and produce a more reliable signal than the conventional moving averages. The indicator (ALMA) removes small price fluctuations and also enhances the trend by applying a moving average (MA) twice, once from left to right, and once from right to left.
The Arnaud Legoux Moving Average (ALMA) is implemented. The ALMA indicator is a superior moving average as compared to the Exponential Moving and Simple Moving Averages.
The objective of the Arnaud Legoux Average is to minimize the noise and produce a more reliable signal than the conventional moving averages. The indicator (ALMA) removes small price fluctuations and also enhances the trend by applying a moving average (MA) twice, once from left to right, and once from right to left.