Moving average percent measure

it's just an average moving multiplied by a percentage. this is good for measuring the acceleration of price movements

Release Notes

change minimum value of percentage from 1 to 0

Release Notes

Tweak some variable default values.
so we can see and understand easily.
current market price with the previous average price.
so you know when you open a position, whether you are buying at a low price or not.

offset
0-->60

percent1
3-->5

percent2
6-->10

percent3
9-->15

Release Notes

change the number of lines to 5
which was previously 3.

so that we can add a price line that is unexpected,
this aims to see the shock price that moves quickly.
-especially on fast moving crypto charts

tweaked some variables so that by default
it shows a moving average of 60 bars
(2 months if you are on the day timeframe),
and at an offset of 60 bars.
as a comparison of the current price
and the price of the previous 60 bars

2nd function is to facilitate
whenever you want to change 5 percentage lines to Fibonacci percent.
so you can predict prices
with the Fibbonaci scale.

updates:
-changed the default number of lines to 5 which was previously 3
-tweak some variables
-ma length 200-->60
-changed the default base line color to yellow by default

Release Notes

fix percent5 upper line not render

Release Notes

hiding line 4 and 5

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.

pecioroderick

Disclaimer

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Open-source script

pecioroderick