Moving Average Color Direction Detection — Indicator by Dreadblitz

movingaverage mediamovil media averge change direction trend

Moving Average Color Direction Detection, possibility to configure:

- Type: SMA, EMA, WMA, VWMA, SMMA, DEMA, TEMA, HULLMA, ZEMA, TMA, SSMA
- Lenght
- Source
- Colour direction

Release Notes:

Alert Change Direction MA

Release Notes:

Message Alert

Release Notes:

IMMEDIATE REACTION OPTION (Disabled by default): This mode reacts immediately, does not have filtering, can generate false signals in the change of direction but can anticipate the change more quickly.

Release Notes:

Remove the immediate reaction, and now you can configure the reaction to your need, by default it is 3 you get a very good result and filtered, 1 would be the most violent reaction that quickly detects a change of direction but gets more amount of false changes of direction, Try it and configure it to your need.

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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