OPEN-SOURCE SCRIPT
Moving Averages - 5 Ribbon MTF Heatmap
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This is a 5 Ribbon heatmap moving averages indicator where each represents a different time frame, The RED or GREEN color palette is also affected by asset velocity using ATR.
Supports various moving averages including VMA (Default), Zero Lag, TSF (Time Series Forecast).
A single ribbon is set to GREEN when fast MA (moving average) is above the slower MA and RED when fast MA is below the slower MA.
In the settings you can set the ATR length (Average True Range) which will affect the velocity calculation for the colors, higher ATR length will smooth the coloring more (Less color changes), while lower ATR will show more instant changes.
HOW TO USE?
The brighter the GREEN is the stronger the up trend.
The brighter the RED is the stronger the down trend.
A weakening GREEN color can be a sign for a down reversal.
A weakening RED color can be a sign for a up reversal .
Supports alerts when fast moving average crosses slow moving average from all time frames, either way, up or down.
Comments/Suggested/Positive feedbacks are welcome and can make this indicator even better.
Follow for upcoming indicators: tradingview.com/u/dman103
Supports various moving averages including VMA (Default), Zero Lag, TSF (Time Series Forecast).
A single ribbon is set to GREEN when fast MA (moving average) is above the slower MA and RED when fast MA is below the slower MA.
In the settings you can set the ATR length (Average True Range) which will affect the velocity calculation for the colors, higher ATR length will smooth the coloring more (Less color changes), while lower ATR will show more instant changes.
HOW TO USE?
The brighter the GREEN is the stronger the up trend.
The brighter the RED is the stronger the down trend.
A weakening GREEN color can be a sign for a down reversal.
A weakening RED color can be a sign for a up reversal .
Supports alerts when fast moving average crosses slow moving average from all time frames, either way, up or down.
Comments/Suggested/Positive feedbacks are welcome and can make this indicator even better.
Follow for upcoming indicators: tradingview.com/u/dman103
Notes de version
Minor fix with time frame labels.Notes de version
Added option to disable repainting at real time bars, default is repaint disabled.Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
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Appreciation of my work: paypal.me/dman103
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