A group of four moving averages used for price smoothing. It also creates a cloud between Fast Ma and Medfast MA, Medfast MA and Medslow MA, and Medslow MA and Slow MA. Originally only Exponential Moving Averages were available, however the option to choose SMA, EMA (default), RMA, WMA, and VWMA were added. Also added was the option to choose the source of input. If any interesting additions are added, please let me know so I can update the script.
//Created By User Trade Archer (Kevin Johnson) //Last Update 1/31/2015 //Added support for SMA, WMA, RMA, and VWMA. Defaults to EMA //Note: If you make some neat additions, let me know via PM. Thanks & Enjoy study(title="TA-MAs-v1", shorttitle="TA-MAs-v1", overlay=true, precision=2) //Collect input source = input(3, type=integer, minval=0, maxval=6, defval=3, title="Source: open=0 high=1 low=2 close=3 hl2=4 hlc3=5 ohlc4=6") fast = input(9, minval=1, title="Fast MA") medfast = input(19, minval=1, title="Medfast MA") medslow = input(50, minval=1, title="Medslow MA") slow = input(200, minval=1, title="Slow MA") usesma = input(false, title="SMA", defval=false, type=bool, defval=false) useema = input(true, title="EMA (default)", defval=true, type=bool, defval=true) usewma = input(false, title="WMA", defval=false, type=bool, defval=false) userma = input(false, title="RMA", defval=false, type=bool, defval=false) usevwma = input(false, title="VWMA", defval=false, type=bool, defval=false) //Translate source src = source == 0 ? open : source == 1 ? high : source == 2 ? low : source == 3 ? close : source == 4 ? hl2 : source == 5 ? hlc3 : source == 6 ? ohlc4 : close //Selects check MA type. Defaults to EMA ma1 = usesma ? sma( src, fast) : useema ? ema( src, fast) : usewma ? wma( src, fast) : userma ? rma( src, fast) : usevwma ? vwma( src, fast) : ema( src, fast) ma2 = usesma ? sma( src, medfast) : useema ? ema( src, medfast) : usewma ? wma( src, medfast) : userma ? rma( src, medfast) : usevwma ? vwma( src, medfast) : ema( src, medfast) ma3 = usesma ? sma( src, medslow) : useema ? ema( src, medslow) : usewma ? wma( src, medslow) : userma ? rma( src, medslow) : usevwma ? vwma( src, medslow) : ema( src, medslow) ma4 = usesma ? sma( src, slow) : useema ? ema( src, slow) : usewma ? wma( src, slow) : userma ? rma( src, slow) : usevwma ? vwma( src, slow) : ema( src, slow) //plot MAs& save as variable pfast = plot( ma1, linewidth=1, color=lime, title="Fast MA" ) pmedfast = plot( ma2, linewidth=1, color=orange, title="Medfast MA" ) pmedslow = plot( ma3, linewidth=2, color=red, title="Medslow MA" ) pslow = plot( ma4, linewidth=3, color=maroon, title="Slow MA" ) //fill between two emas fquickcloud = fill(pfast, pmedfast, color=green, transp=65, title="Quick Cloud") fnormalcloud = fill(pmedfast, pmedslow, color=yellow, transp=75, title="Normal Cloud") fslowcloud = fill(pmedslow, pslow, color=red, transp=85, title="Slow Cloud")