OPEN-SOURCE SCRIPT
Moving Average Multifuntional Oscillator
Hi there!
This indicator solvs many task at time.
1. Classic AO histogram - shows convergence or divergence of two SMA (you can input you period)
2. Color of histogram - green for bullish, red for bearish, gray for flat. Depends of conditions in "crossboard block" which include:
2.1 SMA1 cross SMA2 (you can turn off SMA1 and SMA2 optionnaly, to have at least SMA3 and SMA4)
2.3 SMA2 cross SMA3 (you can turn off SMA1 and SMA2 optionnaly, to have at least SMA3 and SMA4)
2.4 SMA3 cross SMA4 - required
2.5 Price bar closed cross SMA5 - (you can turn off this parameter optionally)
3.1 MC SMA fast - momentum checker SMA of histogramm (you can input your period)
3.2 MC SMA slow - momentum checker SMA of histogramm (you can input your period)
3.3 If AO > 0, but MC SMA fast< MC SMA slow - orange bg color. It warns us about impulse's weakness
4. Extremely "k" ratio - this ratio (you can input) use in condition AO<(MC SMA slow*K) - red bg color. It warns us about extremely convergence of AO's SMA and might be a trend end signal
5. Alerts: it has 3 alert settings. buy, sell, both.
Alert appears when color of histogram not flat and price closed cross over/under SMA Alert (you can input it). It is the best conditions to trade.
Enjoy!
This indicator solvs many task at time.
1. Classic AO histogram - shows convergence or divergence of two SMA (you can input you period)
2. Color of histogram - green for bullish, red for bearish, gray for flat. Depends of conditions in "crossboard block" which include:
2.1 SMA1 cross SMA2 (you can turn off SMA1 and SMA2 optionnaly, to have at least SMA3 and SMA4)
2.3 SMA2 cross SMA3 (you can turn off SMA1 and SMA2 optionnaly, to have at least SMA3 and SMA4)
2.4 SMA3 cross SMA4 - required
2.5 Price bar closed cross SMA5 - (you can turn off this parameter optionally)
3.1 MC SMA fast - momentum checker SMA of histogramm (you can input your period)
3.2 MC SMA slow - momentum checker SMA of histogramm (you can input your period)
3.3 If AO > 0, but MC SMA fast< MC SMA slow - orange bg color. It warns us about impulse's weakness
4. Extremely "k" ratio - this ratio (you can input) use in condition AO<(MC SMA slow*K) - red bg color. It warns us about extremely convergence of AO's SMA and might be a trend end signal
5. Alerts: it has 3 alert settings. buy, sell, both.
Alert appears when color of histogram not flat and price closed cross over/under SMA Alert (you can input it). It is the best conditions to trade.
Enjoy!
开源脚本
本着真正的TradingView精神，此脚本的作者已将其开源，以便交易者可以理解和验证它。向作者致敬！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约束。 您可以收藏它以在图表上使用。
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