This is an up to 10 lines Moving Average Ribbon with an Auto Evaluate Length and a lots of options!!!
Type of Moving Average you can use:
SMA - Simple Moving Average
SMMA - Smoothed Moving Average
EMA - Exponential Moving Average
DEMA - Double Exponential Moving Average
TEMA - Triple Exponential Moving Average
WMA - Weighted Moving Average
HMA - Hull Moving Average
EHMA - Exponential Hull Moving Average
RMA - RSI Moving average
2PSS - Ehlers 2 Pole Super Smoother
3PSS - Ehlers 3 Pole Super Smoother
VWMA - Volume-Weighted Moving Average
ALMA - Arnaud Legoux Moving Average
STMA - Simple Triangular Moving Average
ETMA - Exponential Triangular Moving Average
LSMA - Least Squares Moving Average
ZSMA - Zero-Lag Simple Moving Average
ZEMA - Zero-Lag Exponential Moving Average
COVWMA - Coefficient of Variation Weighted Moving Average
COVWEMA - Coefficient of Variation Weighted Exponential Moving Average
FRAMA - Fractal Adaptive Moving Average
KAMA - Kaufman's Adaptive Moving Average
VIDYA - Variable Index Dynamic Average
If you want to change faster the MA type, in "Moving Average Setup:", Select "🤖 Use numbers to change MA Type", click inside the box in "🤖 Moving Average Type per Number:" and just scroll your mouse wheel. You can check what MA type you are using looking in the info panel label.
There is 4 automatic evaluate length:
Fibonacci Sequence
Arithmetic Progression
Geometric Progression
Guppy Multiple Moving Average (GMMA) without Lengths 03 and 05
And I already put a Manual Length, but I keep it inside the code, so if you want to use different lengths, just change the code, or ask me and I will put as an input.
And attending a request, this indicator can creates alerts when all the colors of the ribbons changes.
Honestly, this is quite possibly one of the most underrated indicators on TV. Checked it out from curiosity and the accuracy of the buy alerts is pretty incredible. Nothing is perfect... but this is great. Well done.
Also, while this isn't a perfect science or even a correct way of doing it, I ran through several tests of running a fibonacci retracement from the buy signal to the top of the trend (if I missed the buy signal) and the retracements/pullbacks almost always hit a key level. Very interesting.
RodrigoKazuma
⋅
@blxckclothes, Thanks a lots.
From this indictor, I made another script that you probably will like it too.
@angelitos, Hi Rodrigo, I think that to perfect the Buy and Sell indicators for your magnificent model, they can be fine-tuned including Bollinger + RSI from ChartArt to improve the precision of entering and exiting the market, ideally by fine-tuning the more dominant and indicative moving averages a little: https : //tradingview.com/v/uCV8I4xA/. A big hug, and sincere appreciation.
RodrigoKazuma
⋅
Hey @angelitos, Well... If you you really want, ask the autor to give us the authorization to use it and I can put his idea on my indicator and I give the script for you.
angelitos
⋅
@RodrigoKazuma, HI Rodrigo, I will do and I will let you know, thank you.