wallneradam

3 MA Trend Indicator

It is a trend detector indicator, using 3 moving averages.
You can select different MA's and set the periods of them. If all 3 is increasing, the color will be green, if decreasing, the color will be red, gray otherwise.
It can be used for e.g. scalping.
Release Notes:
  • You can now use ALMA as moving average.
  • It measures slope and angle of each moving averages, you can see these values in the data window.
  • You can filter by angle further, which means, it will mark as trend, if the angle of the line is greater then the specified value.
Release Notes:
  • Code cleanups: use function for the ma selector
  • Different MA algorythms can be choosen for each line
  • You can specify a ratio for angle calculation
Release Notes:
  • Fixed data window plots
  • Added ability to select resolution
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.

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Comments

Pretty good script.
+3 Reply
Where can I see the angle value in degrees?
Reply
wallneradam alexgzlz
@alexgzlz, Sorry TradingView silently removed the "feature" (or bug), I used for showing only values in data window. I found another (better) solution, so I've fixed it.
Reply
On the technicals page , what time should be set for making trades (scalping) ?
it gives options starting at one minute.
Reply
@Vsk2, You can use it on any timeframe. It depends on the market and your money management.
+1 Reply
How abouts would we edit this into our charts?
Reply
wallneradam Gursehej
@Gursehej, I'm affraid I don't understand your question.
+2 Reply
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