A simple Triple-MA indicator

Hi,

I was playing around with a strategy I found somewhere, and since I coded an indicator specifically for it, I might as well share it here. It's probably been made before, but I searched and didn't find it, so here goes:

It simply displays when 3 MAs of your choice are in agreement.




So when, say the 10EMA, 50EMA, and 200SMA are all pointing up, it shows green. When they're all pointing down, it shows red. And when they are not in agreement, it displays gray.
You can choose to display the arrows when there's a first color change.

This is exactly like having the 3 MA's on screen, only here the advantage is that you can clear up your screen because less lines, and it's easier to see when all MAs are moving in the same direction.

The strategy was mainly go long when 3 are up, and short when 3 are down. Looked good on the video, when I backtested it my god is it bad. That's what I initially thought, but now I know ^^.

Have fun if you want.

A very good one Barraka, not just in agreement but pointing down or up which makes it good for those who already use Moving Averages.

As per Jozec's request, I've added an option. You can now chose how the arrows are triggered. By default, it's on the first colour change, so same as the previous version of the indicator. You can chose if you want the arrows to appear on every bar where the 3 MAs align again, so after a "gray" previous bar. It gives many more signals, but if you prefer it that way you can chose so.

Here is a screenshot comparing the 2 options on the same charts:

On fist colour change only:

On each bar in agreement:

And here is the settings window where you chose that option:

Made some slight changes:

- Now you can adjust the indicator height.
- Added a lookback variable in the Inputs tab, so that it can be quicker to calculate. For example setting it to 500 calculates roughly 2 days on a M5 chart.
- Added a "filter baseline" option, which only shows alerts / arrows when they happen on the correct side of the slower moving average (of the 3). Basically, it shows only with-trend signals. Setting it to false disregards that option and displays all color changes.


Updated version in the original post.

Great, Could you make it MTF?. Also I noticed that I can't change the size of the bars and arrows and the colors too? When I change TF it reverts to the originals one...
Thanks

Following your remarks, I've added to the indicator the following options (updated on the original post):

- You can change the width of the histogram
- You can change the arrow size
- You can choose your color for up and down arrows.

As for your remark regarding MTF option, I think it's much more simple to adjust the length variables (also makes more sense). So, if you want the 8 MA of H1, on your M5 chart, you just multiply by 12 (60/5), so it would be 96MA. Similarly, if I take the default 8-36-128, again on M5, and this time I would like to check M15, I would choose the following lengths: 24-108-384. Give it a try and see how it works.

Also, remember you can stack the indicator. So, If I'd like to have the current M5TF, plus the M15 view, plus the H1 view, I just change the respective lengths and have this:

Thank You very much...

Anyone else having a problem.... or is it just mine,
indi getting stuck on my chart,
not moving along with candles?

Try the new version 1.3 that I just uploaded, it should work.

Thank You Barraka for your effort, A Question?...I noticed that the last bar of the indicator is missing, maybe because it is not closed yet?, Could you make the last bar
to "show" their "open' status?, or something else?

Thanks again..

Hi,
Yes, the current bar does not display, it only displays once it's closed. Especially since there are no "values" attached to it, only a colour indicating direction. Not sure if that'll be much help to show a changing status.