[RS]Moving Average Trend Expansion Analysis V0

3112 views
3112
experimental: analyzing the differences between price closure and multiple moving averages to discern movement and direction of market.
upper signal is the long trend, while the lower signal symbolizes faster movements within the trend.
study(title="Moving Average Trend Expansion Analysis V0", shorttitle="MATEA.V0", overlay=false)
length1 = input(1)
length2 = input(24)
length3 = input(120)

source = close
osc1 = sma(source, length1) - sma(source, length2)
osc2 = sma(source, length1) - sma(source, length3)

smooth1 = sma(osc1, input(2))
smooth2 = sma(osc2, input(24))

//plot(osc, color=gray, style=columns)
scolor1=smooth1 > smooth1[1] and smooth1 > 0 ? green :
smooth1 > smooth1[1] and smooth1 < 0 ? olive :
smooth1 < smooth1[1] and smooth1 < 0 ? maroon :
smooth1 < smooth1[1] and smooth1 > 0 ? orange : black

scolor2=smooth2 > smooth2[1] and smooth2 > 0 ? green :
smooth2 > smooth2[1] and smooth2 < 0 ? olive :
smooth2 < smooth2[1] and smooth2 < 0 ? maroon :
smooth2 < smooth2[1] and smooth2 > 0 ? orange : black

plot(smooth2, color=scolor2, style=columns, linewidth=1)
plot(smooth2, color=black, style=line, linewidth=1)

plot(smooth1, color=scolor1, style=histogram, linewidth=2)
plot(smooth1, color=black, style=line, linewidth=1)

hline(0)

//  ||---   Caps analysis
upperholder = nz(upper[1])
lowerholder = nz(lower[1])
upper = smooth2 >= upperholder ? smooth2 : upperholder
lower = smooth2 <= lowerholder ? smooth2 : lowerholder

signal1 = cross(smooth2, 0) ? upper : na
signal2 = cross(smooth1, 0) ? lower : na
signalcolor1 = smooth2 > 0 ? green : maroon
signalcolor2 = smooth1 > 0 ? green : maroon
hidesignals = input(true)
plot(hidesignals ? na : signal1, style=cross, color=signalcolor1, linewidth=4)
plot(hidesignals ? na : signal2, style=cross, color=signalcolor2, linewidth=4)

how to use the indicator for sell signal?
Nice job Ricardo, I like the default setting too, works really well, clear signals too.
How do you use this?
IvanLabrie
cross of zero is the signal, but there deeper moves that can be discerned for example, the cross of 0 of the lower line can signify a reversal or a retrace.
RicardoSantos
Interesting...I'll check it out.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית