OPEN-SOURCE SCRIPT
Historical Average
This indicator calculates the sum of all past candles for each new candle.
For the second candle of the chart, the indicator shows the average of the first two candles. For the 10th candle, it's the average of the last ten candles.
Simple Moving Averages (SMAa) calculate the average of a specific timeframe (e.g. SMA200 for the last 200 candles). The historical moving average is an SMA 2 at the second candle, an SMA3 for the third candle, an SMA10 for the tenth, an SMA200 for the 200th candle etc.
Settings:
This indicator works best on charts with a lot of historical data.
Recommended charts:
But you can use it e.g. on DJI or any other chart as well.
For the second candle of the chart, the indicator shows the average of the first two candles. For the 10th candle, it's the average of the last ten candles.
Simple Moving Averages (SMAa) calculate the average of a specific timeframe (e.g. SMA200 for the last 200 candles). The historical moving average is an SMA 2 at the second candle, an SMA3 for the third candle, an SMA10 for the tenth, an SMA200 for the 200th candle etc.
Settings:
- You can set the multiplier to move the Historical Moving Average along the price axis.
- You can show two Historical Moving Averages with different multipliers.
- You can add fibonacci multipliers to the Historical Moving Average.
This indicator works best on charts with a lot of historical data.
Recommended charts:
- INDEX:BTCUSD
- BLX
But you can use it e.g. on DJI or any other chart as well.
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.
For quick access on a chart, add this script to your favorites — learn more here.
I had to lose 1400 BTC first to find out how easy crypto can make you financially free.
Check out my website to see more of my work.
Check out my website to see more of my work.
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.
For quick access on a chart, add this script to your favorites — learn more here.
I had to lose 1400 BTC first to find out how easy crypto can make you financially free.
Check out my website to see more of my work.
Check out my website to see more of my work.
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.