OPEN-SOURCE SCRIPT
Updated Moving Average Color Direction Detection
Moving Average Color Direction Detection, possibility to configure:
- Type: SMA, EMA, WMA, VWMA, SMMA, DEMA, TEMA, HULLMA, ZEMA, TMA, SSMA
- Lenght
- Source
- Colour direction
- Type: SMA, EMA, WMA, VWMA, SMMA, DEMA, TEMA, HULLMA, ZEMA, TMA, SSMA
- Lenght
- Source
- Colour direction
Release Notes
Alert Change Direction MARelease Notes
Message AlertRelease Notes
IMMEDIATE REACTION OPTION (Disabled by default): This mode reacts immediately, does not have filtering, can generate false signals in the change of direction but can anticipate the change more quickly.Release Notes
Remove the immediate reaction, and now you can configure the reaction to your need, by default it is 3 you get a very good result and filtered, 1 would be the most violent reaction that quickly detects a change of direction but gets more amount of false changes of direction, Try it and configure it to your need.Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.