Custom Moving Average (EMA & SMA)

28 thg 12, 2020

This script is a custom visualization tool to plot 4 Moving Averages (MA).

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.
  

28 thg 12, 2020

Phát hành các Ghi chú

Now, you can choice the following type of averages:

• 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

28 thg 12, 2020

Phát hành các Ghi chú

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.