OPEN-SOURCE SCRIPT
Triple Weekly Moving Average
Triple Weekly Moving Average
The default settings plot 3 weekly moving averages [SMA] for 13, 26 and 52 weeks, for analyzing Short (Quarterly), Medium (Semester) and long term (Yearly) view.
Idea is when the three moving averages are aligned, the security is in trend and when they crisscross the security may be either turning, slowing down or stalling, however, this must be correlated with other studies.
Started observing half yearly moving average after reading Stan Weinstein's Secrets For Profiting in Bull and Bear Markets.
The settings of the indicator are pretty self explanatory. The indicator gives an option to select lookahead, however, change it only when you are well aware of the consequences, the default setting is Turned Off, please follow TV user guide for a detailed explanation on lookahead. I added it as I was plotting this script on Daily timeframe and wanted to observe the changes.
The default settings plot 3 weekly moving averages [SMA] for 13, 26 and 52 weeks, for analyzing Short (Quarterly), Medium (Semester) and long term (Yearly) view.
Idea is when the three moving averages are aligned, the security is in trend and when they crisscross the security may be either turning, slowing down or stalling, however, this must be correlated with other studies.
Started observing half yearly moving average after reading Stan Weinstein's Secrets For Profiting in Bull and Bear Markets.
The settings of the indicator are pretty self explanatory. The indicator gives an option to select lookahead, however, change it only when you are well aware of the consequences, the default setting is Turned Off, please follow TV user guide for a detailed explanation on lookahead. I added it as I was plotting this script on Daily timeframe and wanted to observe the changes.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.