Power Moving Average PRO by Nico Muselle
- Did you ever want to apply the Daily Moving Averages to an hourly chart ?
- Are you tired of switching between time frames for seeing where that moving average is on the higher time frame ?
- Do you want to display these moving averages on your current time frame ?
NOW YOU CAN !
In comes the Power Moving Average which offers you the opportunity to :
- Display moving averages of any (higher) time frame you wish
- Select which type of Moving Average you want to display
- Select up to 3 different types, lengths and time frames to display
Power Moving Average offers the following types of averages :
SMA - Simple Moving Average
Read more: Simple Moving Average (SMA) investopedia.com/terms/s/sma.asp
EMA - Exponential Moving Average
Read more: Exponential Moving Average (EMA) investopedia.com/terms/e/ema.asp
WMA - Weighted Moving Average
Read more: Linearly Weighted Moving Average investopedia.com/terms/l/linearlyweightedmovingaverage.asp
VWMA - Volume Weighted Moving Average
Read more : tradingsetupsreview.com/volume-weighted-moving-average-vwma/
RMA
Read more : partners.futuresource.com/workstation/help/charts/studies/rmi.htm
See the configuration options here :
i.imgur.com/WE7wXkW.jpg
[bFAQS/b]
Q : Why are the Power Moving Averages not smooth historically ?
A : As the moving average is calculated on the close of the higher time frame and this close does not change for X- candles, the moving value does not change
Q : Can I add more than one Power Moving Average ?
A : Yes you can, just apply the Power Moving Average multiple times to your chart (free TradingView accounts are limited to 3 indicators)
Q : Can I apply lower time frame Moving Averages ?
A : While this is possible, the value will change during your current time frame candle, this might however be something scalpers want ?
Q : I have a free TradingView account and reached my indicator limit, what can I do ?
A : There are 2 possible solutions, first one is to get a TradingView Pro account (tradingview.com/gopro), second option is to get our Triple Power Moving Average for a one time price. Please PM for more information.
If you like this script, DM me for access ! Also check out my other indicators here : tradingview.com/u/Nico.Muselle/
FYI : A free version with 1 Moving average is available for everyone here :
Thank you !
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact Profit_Through_Patience directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
► tradingview.com/u/Profit_Through_Patience/
Disclaimer
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact Profit_Through_Patience directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
► tradingview.com/u/Profit_Through_Patience/