OPEN-SOURCE SCRIPT
Customizable MTF Multiple Moving Averages

Title:
Customizable Multiple Moving Averages with Dynamic Colors
Description:
This script allows you to calculate up to three customizable moving averages, offering the flexibility to choose from multiple moving average types:
SMA (Simple Moving Average)
EMA (Exponential Moving Average)
WMA (Weighted Moving Average)
VWMA (Volume Weighted Moving Average)
SMMA (Smoothed Moving Average)
Key Features:
Separate Timeframe for Each Moving Average:
Each moving average can be calculated on a different timeframe. For instance, you can display a 1D moving average while working on a 4H chart.
Dynamic Colors:
Moving averages dynamically change color based on their trend:
Uptrend Color: When the moving average is increasing compared to the previous bar of its timeframe.
Downtrend Color: When the moving average is decreasing.
Full Customization:
Length: Adjust the period for each moving average.
Source: Choose any price data source (e.g., close, open, high, low).
Colors: Set custom colors for uptrend and downtrend behavior.
Perfect For:
Multi-Timeframe Trend Analysis:
Observe trends from higher timeframes without switching your current chart.
Crossover Strategies:
Combine multiple moving averages to identify entry and exit signals.
How to Use:
Load the Script: Apply it to your chart.
Configure Inputs: Adjust each moving average's settings from the input panel.
Analyze Trends: Visualize dynamic trend movements with easy-to-identify colors.
Example Configuration:
Set MA1 to a 50-period EMA on a 4H timeframe.
Set MA2 to a 100-period SMMA on a 1D timeframe.
Set MA3 to a 200-period VWMA on a 1W timeframe.
Customizable Multiple Moving Averages with Dynamic Colors
Description:
This script allows you to calculate up to three customizable moving averages, offering the flexibility to choose from multiple moving average types:
SMA (Simple Moving Average)
EMA (Exponential Moving Average)
WMA (Weighted Moving Average)
VWMA (Volume Weighted Moving Average)
SMMA (Smoothed Moving Average)
Key Features:
Separate Timeframe for Each Moving Average:
Each moving average can be calculated on a different timeframe. For instance, you can display a 1D moving average while working on a 4H chart.
Dynamic Colors:
Moving averages dynamically change color based on their trend:
Uptrend Color: When the moving average is increasing compared to the previous bar of its timeframe.
Downtrend Color: When the moving average is decreasing.
Full Customization:
Length: Adjust the period for each moving average.
Source: Choose any price data source (e.g., close, open, high, low).
Colors: Set custom colors for uptrend and downtrend behavior.
Perfect For:
Multi-Timeframe Trend Analysis:
Observe trends from higher timeframes without switching your current chart.
Crossover Strategies:
Combine multiple moving averages to identify entry and exit signals.
How to Use:
Load the Script: Apply it to your chart.
Configure Inputs: Adjust each moving average's settings from the input panel.
Analyze Trends: Visualize dynamic trend movements with easy-to-identify colors.
Example Configuration:
Set MA1 to a 50-period EMA on a 4H timeframe.
Set MA2 to a 100-period SMMA on a 1D timeframe.
Set MA3 to a 200-period VWMA on a 1W timeframe.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.