Custom Moving Average (EMA & SMA)

This script is a custom visualization tool to plot 4 Moving Averages (MA).

Each MA is customizable; you can:

enable (disable) the plot of MA;
select whether the MA is an EMA or an SMA;
the length;
the source (open, close, ...);
the offset value (default is 0).

Note:

The 1st MA is an EMA with length 50.
The others MAs are SMA with length 9, 30 and 100 respectively.

Release Notes

Now, you can choice the following type of averages:

EMA
SMA
VWMA
TEMA

Note:
TEMA is the acronym of Triple Exponential Moving Average.

The formula and calculation for TEMA is:
TEMA =3∗EMA1 − 3∗EMA2 + EMA3

where:
EMA1 is the Exponential Moving Average (EMA)
EMA2 is the EMA of EMA1
EMA3 is the EMA of EMA2

Release Notes

New version of script.

The Arnaud Legoux Moving Average (ALMA) is implemented. The ALMA indicator is a superior moving average as compared to the Exponential Moving and Simple Moving Averages.
The objective of the Arnaud Legoux Average is to minimize the noise and produce a more reliable signal than the conventional moving averages. The indicator (ALMA) removes small price fluctuations and also enhances the trend by applying a moving average (MA) twice, once from left to right, and once from right to left.

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

Ninorigo

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.

Open-source script

For quick access on a chart, add this script to your favorites — learn more here.

Ninorigo