OPEN-SOURCE SCRIPT
Updated TS Alma Smooth
This indicator is based on the Arnaud Legoux Moving Average (ALMA) and allows for various moving average types to be applied to the selected price source.
How It Works:
-The script calculates the chosen moving average and the ALMA based on user inputs.
-It generates long and short signals based on the comparison of the current and previous ALMA values, as well as the price in relation to the ALMA and the chosen moving average.
-The signals are visually represented on the chart with colors indicating long (green) and short (red) positions.
How It Works:
-The script calculates the chosen moving average and the ALMA based on user inputs.
-It generates long and short signals based on the comparison of the current and previous ALMA values, as well as the price in relation to the ALMA and the chosen moving average.
-The signals are visually represented on the chart with colors indicating long (green) and short (red) positions.
Release Notes
//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.