OPEN-SOURCE SCRIPT
PB's ESSMA
Concept:
There are a large number of moving averages available.
However, they are effective differently.
Trends confirmation and follow through requires a large number of moving averages to be used differently.
The concept here is to generate a combination moving average, each MA type can be weighted to provide a higher degree of confirmation of trend.
The weights are configurable in settings, and as a sample 50 length has been used.
ATR did not produce good result, so has been kept as optional.
The source can be modified.
The indicator provides a good Resistance support value in the larger time frame. And also provides a breakout and breakdown indication. Follow through is mostly effective.
The alert condition has been made such that it can directly be ported to discord.
For alerts one must configure their own message.
Happy trading.
There are a large number of moving averages available.
However, they are effective differently.
Trends confirmation and follow through requires a large number of moving averages to be used differently.
The concept here is to generate a combination moving average, each MA type can be weighted to provide a higher degree of confirmation of trend.
The weights are configurable in settings, and as a sample 50 length has been used.
ATR did not produce good result, so has been kept as optional.
The source can be modified.
The indicator provides a good Resistance support value in the larger time frame. And also provides a breakout and breakdown indication. Follow through is mostly effective.
The alert condition has been made such that it can directly be ported to discord.
For alerts one must configure their own message.
Happy trading.
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。