OPEN-SOURCE SCRIPT

TRIPLE Moving Averages

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This Pine Script indicator plots three customizable moving averages (MAs) along with an optional composite MA (average of all three). It provides visual cues, alerts, and trend confirmation based on MA crossovers and price positioning relative to the MAs.

🔹 Key Features
1. Multiple Moving Average Types
Supports 7 different MA types for each line:

EMA (Exponential Moving Average)

SMA (Simple Moving Average)

SMMA / RMA (Smoothed / Regular Moving Average)

WMA (Weighted Moving Average)

VWMA (Volume Weighted Moving Average)

HMA (Hull Moving Average)

2. Three Independent MAs
MA1, MA2, MA3 can each be enabled/disabled

Custom lengths (default: 12, 21, 50)

Different price sources (close, open, high, low, etc.)

3. Composite Moving Average (Optional)
Calculates (MA1 + MA2 + MA3) / 3

Acts as a consensus trend filter

4. Visual & Alert Features
✅ Color-Coded Lines (Yellow = Price Above MA, Red = Price Below MA)
✅ Thick Line Width (3) for better visibility
✅ Background Highlights for crossovers/crossunders
✅ Alerts for All Crossover Combinations

🔹 How It Works
📈 MA Crossovers & Trend Signals
Bullish Signal: When a faster MA crosses above a slower MA

Bearish Signal: When a faster MA crosses below a slower MA

Trend Confirmation: All MAs aligned in the same direction (e.g., MA1 > MA2 > MA3 = Strong Uptrend)

🎨 Visual Indicators
Green Background → Bullish crossover detected

Red Background → Bearish crossover detected

Yellow Line → Price is above the MA (bullish)

Red Line → Price is below the MA (bearish)

🔔 Alert Conditions
Alerts are triggered for all possible MA crossover combinations, including:

MA1 crossing MA2

MA1 crossing MA3

MA2 crossing MA3

Any MA crossing the Composite MA

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