13, 8 and 5 days, with displacement 8, 5 and 3 days.
The most popular method of interpreting a moving average is to compare
the relationship between a moving average of the security's price with
the security's price itself (or between several moving averages).
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
//////////////////////////////////////////////////////////// // Copyright by HPotter v2.0 24/09/2014 // This indicator calculates 3 Smoothed moving average for default values of // 13, 8 and 5 days, with displacement 8, 5 and 3 days: Median Price (High+Low/2). // The most popular method of interpreting a moving average is to compare // the relationship between a moving average of the security's price with // the security's price itself (or between several moving averages). //////////////////////////////////////////////////////////// study(title="Bill Williams Averages. 3Lines", shorttitle="3 Lines", overlay = true) LLength = input(13, minval=1) MLength = input(8,minval=1) SLength = input(5,minval=1) LOffset = input(8,minval=1) MOffset = input(5,minval=1) SOffset = input(3,minval=1) SUM1 = sum(close, LLength) SMMA1 = SUM1/LLength PREVSUM1 = SMMA1 * LLength SMMAL = (PREVSUM1-nz(SMMAL)+close)/LLength SUM2 = sum(close, MLength) SMMA2 = SUM2/MLength PREVSUM2 = SMMA2 * MLength SMMAM = (PREVSUM2-nz(SMMAM)+close)/MLength SUM3 = sum(close, SLength) SMMA3 = SUM3/SLength PREVSUM3 = SMMA3 * SLength SMMAS = (PREVSUM3-nz(SMMAS)+close)/SLength plot(SMMAL[LOffset], color=blue, title="SMMA L") plot(SMMAM[MOffset], color=red, title="SMMA M") plot(SMMAS[SOffset], color=green, title="SMMA S")
USDT (TRC20): TH29EEXa19vfwZNYvxdUuMxoFY5QDYLcWG