inno14

MA Trend Monitor

inno14 Updated   
MA Trend Monitor base on 3 Moving Average to define and display trend status on all time frame.
1. Calculate
* Fast Moving Average apply to High Price and Low Price
* Slow Moving Average apply to Close Price
* Trend defined by rule below:
- Up trend when Moving Average of Low Price moving above Moving Average of Close Price
- Down trend when Moving Average of High Price moving below Moving Average of Close Price
- Sideway when Moving Average of Close Price moving between 2 Moving Average of High and Low Price

2. Interface
* Color:
- Up trend: green
- Down trend: red
- Sideway: gray

* Fast Moving Average
- Default period: 20
- Moving Average Type: EMA/SMA

* Slow Moving Average
- Default period: 70
- Moving Average Type: EMA/SMA

* Line Resolution
- Number of Line: 13 (from 1 minute to 1 Month)
- Resolution of each line adjustable or disable.
Release Notes:
Added Infomation: Age of Trend.
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?