Luxy Flexible Moving AveragesUltra-lightweight moving average suite supporting six calculation methods (EMA, SMA, WMA, VWMA, RMA, HMA).
Overview
Luxy Flexible Moving Averages is a performance-optimized indicator designed for traders who need clean, reliable moving average lines without the overhead of complex calculations or unnecessary features. This indicator prioritizes speed and visual clarity, making it ideal for traders who run multiple indicators simultaneously or work on lower-powered devices.
Unlike traditional moving average indicators that calculate all lines regardless of whether they are enabled, Luxy only processes the moving averages you actually need, resulting in near-instantaneous chart loading times.
What Makes This Different
The primary design philosophy behind Luxy Flexible Moving Averages is efficiency without compromise. The indicator includes four independently configurable moving average lines, each supporting six different calculation methods. Every calculation is conditionally executed, meaning that disabled lines consume zero processing power. This approach delivers exceptional performance even when paired with resource-intensive indicators like volume profiles, market structure tools, or custom scanners.
Features
The indicator provides four distinct moving average lines, each fully customizable:
Fast MA is typically used for short-term momentum and quick directional changes. Traders often configure this as an EMA with lengths between 5 and 20 bars, depending on their trading timeframe.
Medium MA serves as a middle-ground reference, often used to identify the intermediate trend or as a dynamic support and resistance level. This line commonly uses EMA or SMA calculations with lengths between 10 and 50bars.
Medium-Long MA acts as a visual bridge between short-term noise and long-term structure. Many traders disable this line entirely if they prefer a cleaner chart, but it can be useful for identifying larger trend phases. Typical configurations use SMA or RMA with lengths between 50 and one 150 bars.
Long MA represents the dominant trend or bias. This is often configured as a 200 period SMA, which is a widely-watched level across most markets and timeframes. Alternatively, traders may use RMA for a smoother visual appearance.
Each line supports six calculation methods:
EMA (Exponential Moving Average) applies exponentially decreasing weights to older prices, making it highly responsive to recent price action. This is the preferred method for momentum-based strategies and short-term trading.
SMA (Simple Moving Average ) treats all prices equally within the lookback period, resulting in a smoother line that is less reactive to sudden price spikes. This is commonly used for identifying long-term trends.
WMA (Weighted Moving Average) applies linearly decreasing weights, offering a middle ground between EMA and SMA. It responds faster than SMA but with less sensitivity than EMA.
VWMA (Volume-Weighted Moving Average) incorporates volume data into the calculation, giving more weight to bars with higher trading activity. This method is particularly useful in liquid markets where volume represents genuine participation.
RMA (Relative Moving Average, also known as Wilder's Smoothing) is a variant of EMA with a slower response curve. It is commonly used in oscillators like RSI and ADX, and provides very smooth trend lines on charts.
HMA (Hull Moving Average) is designed to reduce lag while maintaining smoothness. It is the most responsive option available in this indicator but can produce more false signals during choppy or sideways markets.
How It Works
The indicator operates on a conditional calculation model. When you load the indicator, it checks which moving average lines are enabled via the input settings. Only the enabled lines are calculated on each bar, and disabled lines are assigned a not-applicable value, preventing any processing overhead.
Each moving average is calculated using native TradingView functions, ensuring maximum compatibility and reliability across all asset classes and timeframes. The indicator does not use any security calls, loops, or external data requests, which are common sources of performance degradation in more complex indicators.
Recommended Configurations
The optimal moving average configuration depends on your trading style and timeframe. Below are general guidelines based on common trading approaches.
Scalping (1 minute to 5 minute charts)
Scalpers require fast-reacting moving averages that can identify micro-trends and momentum shifts within seconds. The recommended configuration prioritizes EMA or HMA for all lines, with very short lengths to capture quick moves.
For the Fast MA, use EMA with a length between 5 and 8. This line should react almost immediately to price changes and helps confirm entry timing during breakouts or pullbacks.
For the Medium MA , use EMA with a length between 10 and 15. This serves as your primary directional filter. When price is above this line, you look for long opportunities. When below, you look for shorts.
The Medium-Long MA is often disabled in scalping setups to reduce visual noise. If used, configure it as SMA between 40 and 80 to provide context on the broader 5-minute or 15-minute trend.
The Long MA can be set to SMA with a length between 100 and 150, or simply disabled. On very short timeframes, this line often provides more historical context than real-time utility.
Day Trading (5 minute to 1 hour charts)
Day traders benefit from a balanced approach that filters out noise while remaining responsive to intraday volatility. A common configuration combines EMA for short-term lines and SMA for long-term structure.
For the Fast MA , use EMA with a length between 8 and 12. This captures momentum without overreacting to every minor price swing.
For the Medium MA , use EMA with a length between 12 and 21. This is often used as a dynamic support or resistance level during trending sessions.
For the Medium-Long MA , configure SMA or RMA between 60 and one 120. This line helps identify whether the intraday trend aligns with the broader daily bias.
The Long MA is typically set to SMA with a length of 200. This is a critical level that many institutional traders watch, and price reactions around this line are often significant.
Swing Trading (4 hour to daily charts)
Swing traders operate on longer timeframes and need moving averages that filter out daily noise while highlighting multi-day or multi-week trends. SMA and RMA are commonly preferred for their smoothness, though EMA can be used for faster momentum entries.
For the Fast MA , use EMA or SMA with a length between 10 and 20. This line helps time entries during pullbacks within the larger trend.
For the Medium MA , use EMA or SMA with a length between 20 and 34. This often serves as a key decision point for whether a pullback is likely to reverse or continue.
For the Medium-Long MA , configure SMA between 100 and 180. This provides visual context on the broader weekly trend and can act as a significant support or resistance zone.
The Long MA should be SMA with a length of 200 or higher. On daily charts, the two-hundred-day moving average is one of the most widely-referenced indicators in global markets, and price behavior around this level is often predictable.
Using Moving Averages for Trend Identification
Moving averages are primarily used to determine trend direction and strength. The relationship between price and the moving average lines provides insight into market structure.
When price is trading above a moving average, the trend is generally considered bullish on that timeframe. When price is below, the trend is bearish. The steeper the slope of the moving average, the stronger the trend. A flat moving average indicates consolidation or a potential trend change.
Crossovers between moving averages are commonly used as trend confirmation signals. When a faster moving average crosses above a slower moving average, this suggests increasing bullish momentum. When the faster line crosses below, it suggests increasing bearish momentum. However, crossovers should not be used in isolation, as they can produce false signals during sideways markets.
Many traders use moving averages as dynamic support and resistance levels. During uptrends, price often pulls back to a key moving average before resuming higher. During downtrends, price often rallies to a moving average before resuming lower. These levels can be used to plan entries, exits, or stop-loss placement.
