CoffeeShopCrypto 3pl MA

The CoffeeShopCrypto 3pl MA indicator is a technical analysis tool that uses three different moving averages to identify trends in the price of an asset. The three moving averages have lengths of 12, 26, and 50. If these numbers sound familiar its because they are based off the standard of the MACD indicator, and can be either simple moving averages (SMA) or exponential moving averages (EMA), depending on user preference.

The following is plotted on the chart
The fast EMA/SMA (based on the 12-period length) in yellow.
The mid EMA/SMA (based on the 26-period length) in gray.
The slow EMA/SMA (based on the 50-period length) in either green or red, depending on whether the current close price is above or below the Overall Trend MA.

In addition to the moving averages, the indicator also calculates the MACD (Moving Average Convergence Divergence), and uses it to color the bars based on the momentum of the asset.
The MACD is calculated using two user-defined lengths (fast and slow), as well as a user-defined smoothing length for the signal line. The oscillator and signal line can be either SMA or EMA, and the colors of the MACD bars are based on whether the histogram is growing or falling, and whether it is above or below the zero line.

Overall, this indicator provides traders with a comprehensive tool for understanding the trend of an asset, as well as the momentum behind that trend. The moving averages provide a clear visual representation of the trend, while the MACD bars give insight into the strength of that trend and potential shifts in momentum.

---------------LONG ENTRY----------------
MA1 above MA2 and Overall trend = Green
IF RSI is above its midline you are confirmed for a long entry

-----------Short Entry--------------
MA1 below MA2 and Overall trend = Red
IF RSI is below its midline you are confirmed for a short entry
1. Removed unneeded inputs for MACD settings.
2. Removed unneeded color settings for MACD line and Signal line as they will not be plotted.
3. Made the code lighter for your charts.

~~~~~~You're Welcome~~~~~
realized it would be great to have two overall MAs on your chart so a secondary overall trend EMA was added.
Correction to the TITLE of the Super Slow EMA. Sorry guys. I had a Typo
  • Added a 3rd moving average for better judgement of price action


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。