[RS]Moving Average Trend Expansion Analysis V0
experimental: analyzing the differences between price closure and multiple moving averages to discern movement and direction of market.
upper signal is the long trend, while the lower signal symbolizes faster movements within the trend.
upper signal is the long trend, while the lower signal symbolizes faster movements within the trend.
study(title="Moving Average Trend Expansion Analysis V0", shorttitle="MATEA.V0", overlay=false)
length1 = input(1)
length2 = input(24)
length3 = input(120)
source = close
osc1 = sma(source, length1) - sma(source, length2)
osc2 = sma(source, length1) - sma(source, length3)
smooth1 = sma(osc1, input(2))
smooth2 = sma(osc2, input(24))
//plot(osc, color=gray, style=columns)
scolor1=smooth1 > smooth1[1] and smooth1 > 0 ? green :
smooth1 > smooth1[1] and smooth1 < 0 ? olive :
smooth1 < smooth1[1] and smooth1 < 0 ? maroon :
smooth1 < smooth1[1] and smooth1 > 0 ? orange : black
scolor2=smooth2 > smooth2[1] and smooth2 > 0 ? green :
smooth2 > smooth2[1] and smooth2 < 0 ? olive :
smooth2 < smooth2[1] and smooth2 < 0 ? maroon :
smooth2 < smooth2[1] and smooth2 > 0 ? orange : black
plot(smooth2, color=scolor2, style=columns, linewidth=1)
plot(smooth2, color=black, style=line, linewidth=1)
plot(smooth1, color=scolor1, style=histogram, linewidth=2)
plot(smooth1, color=black, style=line, linewidth=1)
hline(0)
// ||--- Caps analysis
upperholder = nz(upper[1])
lowerholder = nz(lower[1])
upper = smooth2 >= upperholder ? smooth2 : upperholder
lower = smooth2 <= lowerholder ? smooth2 : lowerholder
signal1 = cross(smooth2, 0) ? upper : na
signal2 = cross(smooth1, 0) ? lower : na
signalcolor1 = smooth2 > 0 ? green : maroon
signalcolor2 = smooth1 > 0 ? green : maroon
hidesignals = input(true)
plot(hidesignals ? na : signal1, style=cross, color=signalcolor1, linewidth=4)
plot(hidesignals ? na : signal2, style=cross, color=signalcolor2, linewidth=4)