OPEN-SOURCE SCRIPT

Octuple Mean Average

3 489
Here you can combine up to 8 moving averages and make 1 "OMA" (Octuple Mean Average)
In this way:
- advantages of several ma's can be mixed
- a mean averages can be improved without the need to change the length
(for example if you want a RMA, SMA,... to react faster combine it with 1 or more EMA's)
- smoothing and shifting possibilities (combine with a dema and adjust the lookback),
again without the need to change the length
- ...

This is a combination of a RMA, VWMA, DEMA and TEMA:
syot kilat
Here is a DEMA (lookback 20), smoothed by adding a RMA:
syot kilat

Or, 3x RMA, 2x SMA, 1x EMA and 1x WMA:
syot kilat

Color can be made unicolor by disabling 'bicolor ?'
When disabled the first color only is applied

Bicolor options:
- OMA changes color when it is rising/falling
- OMA changes color when source is above/below OMA

Cheers!

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.