OPEN-SOURCE SCRIPT
Updated Moving Average Multitool
I made this script as a personal tool while backtesting multiple moving averages. It allows you to easily access and switch between different types of moving averages, without having to continuously add and remove different moving averages from your chart.
It also has the option to show the a 14 period average distance between the closing price of an asset and the selected moving average, as a multiple of ATR. This number can be shown by enabling the "Show ATR Between MA and Close" setting. The intention of this value is to quantify and compare the speed of different moving averages across any instrument and any timeframe. The higher the value, the slower the moving average. The lower the value, the faster the moving average.
It also has the option to show the a 14 period average distance between the closing price of an asset and the selected moving average, as a multiple of ATR. This number can be shown by enabling the "Show ATR Between MA and Close" setting. The intention of this value is to quantify and compare the speed of different moving averages across any instrument and any timeframe. The higher the value, the slower the moving average. The lower the value, the faster the moving average.
Release Notes
Credited the original authors of the moving average scripts I didn't make myself.Release Notes
Created a moving average crossover version of this script: https://www.tradingview.com/script/dQ0RZcoO-Moving-Average-Multitool-Crossover/Release Notes
Cleaned up code, corrected ALMA settings, and added ma-close crossover signalsRelease Notes
Fixed ATR lookback period input and corrected input titles.Release Notes
Corrected more input titles.Release Notes
Merged WWMA and RMA, since they result in a perfectly identical calculation. Cleaned up code.Release Notes
Added the HiLo Trend (HLT)Release Notes
Added the Tillson T3 (T3)Release Notes
Added the option to display standard deviation bands around the MA (same calculation as Bollinger Bands)Added the option to show moving average slope change signals
Added the option to color the moving average based on either the price cross signal or slope change signal
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.