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Updated "The Arty" - The Moving Average Official Indicator
█ OVERVIEW
This indicator was inspired by Arty. I've taken what he teaches and have applied the tools that he uses into one useful indicator.
█ COMPONENTS
Here is a brief overview of the indicator:
Smoothed Moving Averages
Arty uses three main smoothed moving averages and on occasion a fourth. All of the moving averages are customizable by color, length, and timeframe.
1 — 21 SMMA - this is the white moving average closest to price and is the first part of our small cloud.
2 — 50 SMMA - this is the green moving average and is the second part of or small cloud.
3 — 100 SMMA - this is the optional moving average and is only used occasionally in Arty's teachings.
4 — 200 SMMA - this is our final moving average and is part of our larger cloud. It also have a dynamic color feature that will show, on a micro level, who is currently in control of the market short term.
Moving Average Clouds
You have a few options when it comes to the moving average clouds.
1 — Small cloud solid color - this is a simple cloud to help visualize the current trend.
2 — Small dynamic - this cloud helps you see who is currently in control of the market and helps you make timely trade entry and exit decisions based on other confluences.
3 — Large solid cloud - this cloud spans from the 200 moving average all the way to price action. This is to help quickly gauge market direction.
Candlestick Patterns
Currently there are two candlestick patterns that are monitored and set alerts for. Alerts can be set for bullish or bearish as well as an alert when these patterns are combined.
1 — "Big Ass Candles" aka Engulfing Candles - You can select bullish , bearish , both, or hide them.
2 — 3 Line Strike - This is a reversal pattern that you can again select bullish , bearish , both, or hide them.
Trade Management
This is a tool to help with setting your stop loss, break even, and target levels. Currently you can set these based on the current ATR. In next update, you will also have the option to use pips/points.
Backtesting
This allows you to plot your trading sessions on the chart so while backtesting, you are only testing the sessions that you actually trade. It makes no sense to backtest a trading session that you do not regularly trade.
This indicator was inspired by Arty. I've taken what he teaches and have applied the tools that he uses into one useful indicator.
█ COMPONENTS
Here is a brief overview of the indicator:
Smoothed Moving Averages
Arty uses three main smoothed moving averages and on occasion a fourth. All of the moving averages are customizable by color, length, and timeframe.
1 — 21 SMMA - this is the white moving average closest to price and is the first part of our small cloud.
2 — 50 SMMA - this is the green moving average and is the second part of or small cloud.
3 — 100 SMMA - this is the optional moving average and is only used occasionally in Arty's teachings.
4 — 200 SMMA - this is our final moving average and is part of our larger cloud. It also have a dynamic color feature that will show, on a micro level, who is currently in control of the market short term.
Moving Average Clouds
You have a few options when it comes to the moving average clouds.
1 — Small cloud solid color - this is a simple cloud to help visualize the current trend.
2 — Small dynamic - this cloud helps you see who is currently in control of the market and helps you make timely trade entry and exit decisions based on other confluences.
3 — Large solid cloud - this cloud spans from the 200 moving average all the way to price action. This is to help quickly gauge market direction.
Candlestick Patterns
Currently there are two candlestick patterns that are monitored and set alerts for. Alerts can be set for bullish or bearish as well as an alert when these patterns are combined.
1 — "Big Ass Candles" aka Engulfing Candles - You can select bullish , bearish , both, or hide them.
2 — 3 Line Strike - This is a reversal pattern that you can again select bullish , bearish , both, or hide them.
Trade Management
This is a tool to help with setting your stop loss, break even, and target levels. Currently you can set these based on the current ATR. In next update, you will also have the option to use pips/points.
Backtesting
This allows you to plot your trading sessions on the chart so while backtesting, you are only testing the sessions that you actually trade. It makes no sense to backtest a trading session that you do not regularly trade.
Release Notes
Where to begin...1 — "Big Ass Candles" - fixed the bull/bear selection and added strict option
2 — 3 Line Strike - added strict option
3 — Moving Averages - added option for Dynamic coloring option on all of them
4 — Trade Management - added option for 1, 2, or 3 columns. Added option for smaller screens (phones). Added text size option
5 — Code clean up for faster loading
Pretty sure that covered all but one request.
Release Notes
Fixed 3 Line Strike StrictRelease Notes
1 — Full control of the colors on the trade management panel2 — Fixed ghost fill on small cloud when hidden
Release Notes
1 — Fixed "Big Ass Candle" formula
2 — Removed 3 line strike text
3 — Renamed Trade Management => Risk Management
4 — Removed trade warning
5 — Cleaned up inputs a little more
6 — Fixed alerts
Release Notes
updated chartRelease Notes
typo fixedRelease Notes
1 — A couple small code enhancements. 2 — Added option to show trade session for only the current day.
Release Notes
1 — Small code fixes2 — Added ability to choose shape on candle pattern signals
3 — 3 Line Strike bug fix
4 — Small input changes
5 — Added release info at bottom of settings
Release Notes
Rebrand per Arty's request...1 — Added new alerts (Please see video for instructions)
2 — Added sizing for the signal shapes
3 — Added more shapes for signals
Release Notes
Small adjustment I missedRelease Notes
Alert fixesRelease Notes
Minor fixes1 - Time zone fix for Sidney
2 - Label fixes
3 - Alert adjustments
Release Notes
Small tweak to alertsRelease Notes
Added version numberRelease Notes
Some minor fixes to codeAdded alert and plots for Five Min Scalp per Arty's video
Release Notes
Risk Management fixRelease Notes
Added ticker to alertsProtected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.