PROTECTED SOURCE SCRIPT
Triple Power Moving Average v.02 by @Nico.Muselle
Updated
ALL THE POWER OF MULTIPLE MOVING AVERAGES ---- NOW COMPLETELY FOR FREE
Did you ever want to apply the Daily Moving Averages to an hourly chart ?
Are you tired of switching between time frames for seeing where that moving average is on the higher time frame ?
Do you want to display these moving averages on your current time frame ?
NOW YOU CAN !
In comes the Power Moving Average which offers you the opportunity to :
Display moving averages of any (higher) time frame you wish
In this version we added 4 hour, 6 hour, 8 hour and 12 hour selection for your moving averages
Select which type of Moving Average you want to display
Select up to 3 different types, lengths and time frames to display
Power Moving Average offers the following types of averages :
SMA - Simple Moving Average
EMA - Exponential Moving Average
WMA - Weighted Moving Average
VWMA - Volume Weighted Moving Average
RMA
See the configuration options here :
i.imgur.com/WE7wXkW.jpg
Q : Why are the Power Moving Averages not smooth historically ?
A : As the moving average is calculated on the close of the higher time frame and this close does not change for X- candles, the moving value does not change
Q : Can I add more than one Power Moving Average ?
A : Yes you can, just apply the Power Moving Average multiple times to your chart (free TradingView accounts are limited to 3 indicators)
Q : Can I apply lower time frame Moving Averages ?
A : While this is possible, the value will change during your current time frame candle, this might however be something scalpers want ?
Q : I have a free TradingView account and reached my indicator limit, what can I do ?
A : There are 2 possible solutions, first one is to get a TradingView Pro account (tradingview.com/gopro), second option is to get our Triple Power Moving Average for FREE.
If you like the indicator, please like and share !
Thank you !
Did you ever want to apply the Daily Moving Averages to an hourly chart ?
Are you tired of switching between time frames for seeing where that moving average is on the higher time frame ?
Do you want to display these moving averages on your current time frame ?
NOW YOU CAN !
In comes the Power Moving Average which offers you the opportunity to :
Display moving averages of any (higher) time frame you wish
In this version we added 4 hour, 6 hour, 8 hour and 12 hour selection for your moving averages
Select which type of Moving Average you want to display
Select up to 3 different types, lengths and time frames to display
Power Moving Average offers the following types of averages :
SMA - Simple Moving Average
EMA - Exponential Moving Average
WMA - Weighted Moving Average
VWMA - Volume Weighted Moving Average
RMA
See the configuration options here :
i.imgur.com/WE7wXkW.jpg
Q : Why are the Power Moving Averages not smooth historically ?
A : As the moving average is calculated on the close of the higher time frame and this close does not change for X- candles, the moving value does not change
Q : Can I add more than one Power Moving Average ?
A : Yes you can, just apply the Power Moving Average multiple times to your chart (free TradingView accounts are limited to 3 indicators)
Q : Can I apply lower time frame Moving Averages ?
A : While this is possible, the value will change during your current time frame candle, this might however be something scalpers want ?
Q : I have a free TradingView account and reached my indicator limit, what can I do ?
A : There are 2 possible solutions, first one is to get a TradingView Pro account (tradingview.com/gopro), second option is to get our Triple Power Moving Average for FREE.
If you like the indicator, please like and share !
Thank you !
Release Notes
Re-arranged the time frames in the selection box from low to high.
Check out my FREE indicator scripts:
► tradingview.com/u/Nico.Muselle/
Twitter: twitter.com/NicoMuselle
► tradingview.com/u/Nico.Muselle/
Twitter: twitter.com/NicoMuselle
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.