This is an extension of the Madrid Moving Average Ribbon public script to allow for different kinds of moving averages (the original allows only exponential and simple). Possible entries in the MA Type argument field are:
sma (simple moving average)
ema (exponential moving average)
wma (weighted moving average)
trima (triangular moving average)
I want to give credits to @QuantNomad, i got the heikin ashi part of the script from this open script /0iKy7lyG-QuantNomad-Heikin-Ashi-PSAR-Strategy/;
and to the other guy that provided a 17 type of moving average script open source but i forgot his name, if someone remember please tell me.
My idea was to see how the different types of moving averages behaves in...
Some friends asked me to do it so... sharing it for everyone instead
This indicator detects when the first moving average is above the two others. It's a very powerful tool for trend traders that use multiple moving averages to detect a strong trend
A Study of Moving Average Types
// SMA Simple
// WMA Weighted
// VWMA Volume Weighted
// EMA Exponential
// DEMA Double EMA
// ALMA Arnaud Legoux
// HMA Hull MA
// SMMA Smoothed
// LSMA Least Squares
// KAMA Kaufman Adaptive
// TEMA Triple EMA
// ZLEMA Zero Lag
// FRAMA Fractal...