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Ultimate Smoothed MA

Gesundheit  
Moving Averages Trend Analysis gunbot autoview
166
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movingaverage trendanalysis gunbot autoview
When using moving averages there is usually a trade-off between lag and smoothness. Multiple formulas have been devised to reduce lag while maintaining smoothness, and each one has its trade-offs.

This script, tweaked from Chris Moody's extremely popular "Ultimate Moving Average-Multi-TimeFrame-7 MA types" is another attempt.

  • Added least-squares moving average (LSMA)
  • Pick something responsive as the first MA, then smooth out the kinks with a second MA on the first. Find the perfect balance between both for your needs.
  • Play with "Minimum Slope Magnitude" and "Lookback length" for additional control over sensitivity -- only call trend reversals when rate of change is strong enough. Intermediate or "flattish" regions are grayed out. These options are available for both primary and secondary MA.

Also displayed in chart image is the companion script, "Ultimate Smoothed MA Turning Points" to give more definitive visuals when tuning. That script can also be readily adapted for alertcondition.
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.

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