SIB Multiple Moving Average

Moving average is the most commonly used indicator for all the chartist for many decades. Many chartists use moving averages to predict the trend movement with different time periods. Simply the rising moving average indicates that the security is in an uptrend and in the other declining direction as a downtrend.

Apart from the above, chartists use the moving average crossover as upward/downward momentum confirmation. For instance, when a short-term moving average crossover (upward) with a longer-term moving average as a Bullish turning point. Conversely, a Bearish turning point started with a short-term moving average crossover (downward) with a longer-term moving average.

We coded this script with multiple moving averages because many newbies, especially those who started the Tradingview with the free plan have a limited slot to embed indicators. Therefore we hope we can help those newbies to have more chances to explore the benefit and stay on with Tradingview.

HOW-TO-USE
1. There are 5x inputs for Simple Moving Average with default description as Day, Week, Month, Quarter & Year timeframe.
Day = 1day,
Week = 5days,
Month = 20days,
Quarter = 60days,
Year = 200days
*User can change their preference period in the input setting.

2. There are also 5x inputs for Exponential Moving Average default description as Day, Week, Month, Quarter & Year timeframe.
We coded them with the default value as 1 day, this is to avoid too many moving average lines plotted on the chart.
*User who likes to have the Exponential Moving Average can input their preference period in the input setting.

Anyone interested in this script can request access via the comment area or PM us to obtain access.

Phát hành các Ghi chú:

Roll revision to V41
-EMA's parameter correction.