OPEN-SOURCE SCRIPT

Event-Based Multi MA v1.1

150
📈 Event-Based Multi MA v1.1 — Smart Trading with Dynamic MA Updates

Overview
In a world where most moving averages blindly follow every candle, Event-Based Multi MA v1.1 introduces a smarter logic:
➡️ Update moving averages only when significant price movements occur.

Forget the noise. Focus on what's important.
This indicator recalculates your moving averages only after meaningful price shifts, allowing you to spot true trends and avoid market whipsaws.

Key Features
✅ Event-Driven Logic
Set events based on:

Points: Absolute price change

Percent: Relative price movement

ATR: Volatility-adjusted dynamic movement

✅ Seven Fully Customizable Moving Averages (MA1–MA7)
Each MA offers:

Custom timeframe

Selection of types (EMA, SMA, WMA, VWMA, HMA, LSMA, DEMA, TEMA, ALMA, RMA)

Adjustable lengths and colors

✅ Reduced Market Noise
MAs adjust only after important price actions — cutting down lag and false signals.

✅ Multi-Timeframe Analysis
You can blend moving averages from different timeframes (e.g., 15m, 1H, Daily) into a single chart — perfect for professional multi-frame strategy building.

Settings Explained
Event Trigger Type: Select Points, Percent, or ATR-based movement.

Event Threshold: The amount of price movement needed to trigger a new calculation.

ATR Length: If ATR mode is selected, this controls the sensitivity.

Each Moving Average (MA1 to MA7) has:

MA Type: Choose the smoothing method that suits your trading style.

Length: The number of bars used in the calculation.

Color: Customize visual styling.

Timeframe: Load MAs from different timeframes into your current chart.

How to Use It in Trading
🔹 Trend Confirmation
Wait for event-triggered updates. Fresh MAs after a significant move are much stronger signals than constantly refreshing MAs.

🔹 Momentum Breakouts
Combine short-term (e.g., MA1, MA2) and long-term (e.g., MA5, MA6) MAs. When short-term MAs cross above/below long-term after an event, it's a powerful breakout cue.

🔹 Dynamic Support/Resistance
Use slow-moving MAs like 100-200 length across different timeframes.
The event-based recalculation keeps them relevant to recent major price moves.

🔹 Volatility Filters
Switch to ATR-based events to adapt moving average updates during volatile periods and calm markets.

Why It Beats Traditional Moving Averages
🚀 No More Overfitting to Every Candle
You focus only on impactful price changes.

🚀 Multi-Timeframe Flexibility
Blend micro and macro views seamlessly in one chart.

🚀 Cleaner Signals, Less Noise
Event-triggered recalculations filter out useless minor price wobbles.

🚀 Customization Beyond Standard MAs
TEMA, HMA, ALMA, DEMA, VWMA — all included for ultra-fine-tuned strategies.

✨ Ready to Upgrade Your Trading?
Forget the old, slow MAs.
Use intelligence. Trade events, not noise.

→ Add Event-Based Multi MA v1.1 to your chart and experience true precision!

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.