OPEN-SOURCE SCRIPT
Moonhub Index
Moonhub Index combines several popular technical indicators to create an aggregated index that aims to give a clearer overall picture of the market. The index takes into account the current market condition (trending, ranging, or volatile) to adjust its calculations accordingly.
The indicators used in this composite index are:
Hull Moving Average (HMA)
Fisher Transform (FT)
Williams Alligator
Moving Average Convergence Divergence (MACD)
Average True Range (ATR)
On-Balance Volume (OBV)
Money Flow Index (MFI)
Accumulation/Distribution (AD)
Pivot Points
True Strength Index (TSI)
Volume-Weighted Average Price (VWAP)
The script calculates the values of each indicator and then normalizes and weighs them according to predefined weights. The composite index is formed by summing the weighted values of each indicator. The final Moon Index is plotted on the chart, along with several other related lines like the exponential moving averages (EMA) and simple moving averages (SMA) of the index.
This custom index can be used by traders to get a more comprehensive view of the market and make better-informed trading decisions based on the combined insights of multiple indicators.
The indicators used in this composite index are:
Hull Moving Average (HMA)
Fisher Transform (FT)
Williams Alligator
Moving Average Convergence Divergence (MACD)
Average True Range (ATR)
On-Balance Volume (OBV)
Money Flow Index (MFI)
Accumulation/Distribution (AD)
Pivot Points
True Strength Index (TSI)
Volume-Weighted Average Price (VWAP)
The script calculates the values of each indicator and then normalizes and weighs them according to predefined weights. The composite index is formed by summing the weighted values of each indicator. The final Moon Index is plotted on the chart, along with several other related lines like the exponential moving averages (EMA) and simple moving averages (SMA) of the index.
This custom index can be used by traders to get a more comprehensive view of the market and make better-informed trading decisions based on the combined insights of multiple indicators.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.
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