OPEN-SOURCE SCRIPT
Moving Averages Histogram

An interesting idea is to simplify the display of whether ONE fast-moving average crosses FIVE other slower-moving averages using just a histogram.
The idea is to increase the step counter by 1 every time a fast-moving average crosses OVER one of the five slower-moving averages until reaching 5 (highest value) and decrease the step counter by 1 every time the fast-moving average crosses UNDER each one of the five slower moving averages until reaching 0 (lowest value of the histogram).
=== Cut To Chase ===
If the histogram is at the top value 5 (green), it means the FAST moving average is ABOVE ALL slower-moving averages, Hench, the asset is up trending.
If the histogram is at the bottom value 0 (red), it means the FAST moving average is BELOW ALL slower-moving averages, Hench, the asset is down trending.
If the histogram is in the midways between 0 to 5, it means the FAST moving average is starting to cross the slower moving averages which could lead to a trend reversal, up or down, it depends on the direction of the crossing.
=== Notes ===
You can change from a variety of moving averages like RMA, EMA, ALMA, HMA, and so on.
You can reduce the number of slow-moving averages by placing the same length.
You can visualize the moving averages in case you want to see how it works behind, by going to settings and clicking 'Show MA lines'.
Every moving average length can be modified inside settings.
Note that the fast-moving average should have the lowest length.
You can visualize how the moving average is plotted:

The idea is to increase the step counter by 1 every time a fast-moving average crosses OVER one of the five slower-moving averages until reaching 5 (highest value) and decrease the step counter by 1 every time the fast-moving average crosses UNDER each one of the five slower moving averages until reaching 0 (lowest value of the histogram).
=== Cut To Chase ===
If the histogram is at the top value 5 (green), it means the FAST moving average is ABOVE ALL slower-moving averages, Hench, the asset is up trending.
If the histogram is at the bottom value 0 (red), it means the FAST moving average is BELOW ALL slower-moving averages, Hench, the asset is down trending.
If the histogram is in the midways between 0 to 5, it means the FAST moving average is starting to cross the slower moving averages which could lead to a trend reversal, up or down, it depends on the direction of the crossing.
=== Notes ===
You can change from a variety of moving averages like RMA, EMA, ALMA, HMA, and so on.
You can reduce the number of slow-moving averages by placing the same length.
You can visualize the moving averages in case you want to see how it works behind, by going to settings and clicking 'Show MA lines'.
Every moving average length can be modified inside settings.
Note that the fast-moving average should have the lowest length.
You can visualize how the moving average is plotted:
开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
Appreciation of my work: paypal.me/dman103
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LIVE Stream - Pivot Points Algo: youtube.com/channel/UCFyqab-i0xb2jf-c18ufH0A/live
All Premium indicators: algo.win
LIVE Stream - Pivot Points Algo: youtube.com/channel/UCFyqab-i0xb2jf-c18ufH0A/live
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
Appreciation of my work: paypal.me/dman103
All Premium indicators: algo.win
LIVE Stream - Pivot Points Algo: youtube.com/channel/UCFyqab-i0xb2jf-c18ufH0A/live
All Premium indicators: algo.win
LIVE Stream - Pivot Points Algo: youtube.com/channel/UCFyqab-i0xb2jf-c18ufH0A/live
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。