OPEN-SOURCE SCRIPT
Mis à jour One For All - xMAs : wave ribbon + trend strenght + xMAcross
This script is not intended to bring anything new or original, but mainly for educational purposes and aesthetic visualization of 10 moving average behavior.
Main features :
Also it is designed to be easily customizeable as the settings allow to:
Trend Strenght explanation :
Overall, this means that the opacity of the triangles represent trend strenght and a fading trend is shown by the color fading into a translucid orange color
p.s. : If you would like to see some other MA calculation method included, please comment below, I'd be happy to update this script
Main features :
- Moving Averages : as shown by the wave ribbon (the gradient colored areas opacity is correlated with the distance from the Nth xMA to the last xMA)
- Trend Strenght : as shown by the blue/orange/red triangle shape plotted at the bottom of the chart
- Moving Average Cross Signal : as shown by the labels green LabelUp and red LabelDown
Also it is designed to be easily customizeable as the settings allow to:
- Chose different smoothing method for the 10 xMAs plotted
- Manually setup the length of each xMA or simply select a predefined list of convenient length
- Choose different MA length not only for crossover but also for crossunder
Trend Strenght explanation :
- When all the "fast xMA" are above "slow xMA" there is an opaque Blue UpTriangle plotted at bottom (bull trend)
- As more "fast xMA" fall/cross below "slow xMA", the Blue UpTriangle will start fading to a translucid orange UpTriangle
- As even more "fast xMA" fall/cross below "slow xMA", a Red DownTriangle is plotted insteand and become more and more opaque as more MA fall below others
Overall, this means that the opacity of the triangles represent trend strenght and a fading trend is shown by the color fading into a translucid orange color
p.s. : If you would like to see some other MA calculation method included, please comment below, I'd be happy to update this script
Notes de version
- Adding the Pine Table feature to display the current Bulls & Bears presence on the battlefield, and also remind of the smoothing method used. This helps explicit the current trend strength better than opacity of the TriangleUp/Down heatmap displayed at bottom, which remains to help assess historic trend evolution.
- Adding some comments to explicit some functions/blocks
p.s.: tbh, the main reason for this update was originally to change a horrible typo on the title
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.