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Smooth Moving Average Ribbon [STUDY] @PuppyTherapy

The Smooth moving average ribbon script is an enhancement of the script I posted yesterday. But will help you also create a very simple trend-following strategy or a simple trend-following filter.

You are able to select from a large variety of moving averages add Heikin Ashi Candles as a source and also add additional smoothing to every single of the moving averages.

The Study script is equipped with alerts.

It is a showcase that a simple strategy like buy when we going up and sell when we going down actually works especially on a bigger timeframe.

Thanks to all supporters and everget for some of the moving average scripts.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

Want to use this script on a chart?