OPEN-SOURCE SCRIPT
ALMA X/Y
🔍 ALMA X/Y Indicator Description
This indicator combines two different ALMA (Arnaud Legoux Moving Average) values into a single script, allowing you to visualize both short-term and long-term trends on the same chart.
🎯 Purpose:
– Track overall trend direction and potential reversals
– Generate buy/sell signals based on ALMA X and Y crossovers
– Analyze market momentum across timeframes
This indicator combines two different ALMA (Arnaud Legoux Moving Average) values into a single script, allowing you to visualize both short-term and long-term trends on the same chart.
- 📌 X: First ALMA length (typically for short-term trends)
- 📌 Y: Second ALMA length (typically for long-term trends)
🎯 Purpose:
– Track overall trend direction and potential reversals
– Generate buy/sell signals based on ALMA X and Y crossovers
– Analyze market momentum across timeframes
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.