LuxAlgo

SMA Directional Matrix [LUX]

LuxAlgo Premium 已更新   
This script was created in collaboration with alexgrover and displays a simple & elegant panel showing the direction of simple moving averages with periods in a user-selected range (Min, Max). The displayed number in the panel is the period of a simple moving average and the symbol situated at the right of it is associated with the direction this moving average is taking.

Settings

  • Min: Minimum period of the moving average
  • Max: Maximum period of the moving average
  • Src: Source input of the moving averages
  • Number Of Columns: Number of columns to be displayed in the panel, handy when using a large range of periods.

Usage

Looking at the direction of moving averages with different periods is extremely useful when it comes to having information about the short/mid/long term overall market sentiment, and can also tell us if the market is trending or ranging.


Here we use periods ranging from 25 to 50, we can see that shorter moving averages react to the recent upward price variation, longer-term moving averages however are still affected by the overall downward variation you can see on the image. We can as such get information about the presence of potentials divergences, with shorter-term moving averages reacting to the divergence while the longer-term moving averages will still display the direction of the main trend.

As such the indicator can give information about how clean a trend is, with a clean trend being defined as a variation containing no retracements. When our trend contains no retracement, the mid/long term moving averages will all have the same direction, however, when a retracement is present, the midterm moving averages might be affected by it, thus displaying a direction contrary to the main trend.


When the market is ranging we can expect the panel to display an equal number of decreasing/increasing moving averages.

Possible Issues

When using a large range of periods, you might have an error message showing: "String is too long", try lowering the range of periods by increasing Min or decreasing Max.

If the script displays the error message "Loop is too long to execute", try resetting the settings and change them back to the one you wanted to use.
版本注释:
Added a transparent background option for the panel and unscaled it, thus being less intrusive for the user.
版本注释:
Copyright & License update
版本注释:
Minor changes.
版本注释:
Updated script title.

Get Access to LuxAlgo indicators: https://luxalgo.com

Join our 100k+ community: https://discord.gg/lux
开源脚本

本着真正的TradingView精神,该脚本的作者将其开源发布,以便交易者可以理解和验证它。为作者喝彩!您可以免费使用它,但在出版物中重复使用此代码受网站规则的约束。 您可以收藏它以在图表上使用。

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。

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