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: Here is a DEMA (lookback 20), smoothed by adding a RMA:
Or, 3x RMA, 2x SMA, 1x EMA and 1x WMA:
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
For some reason when I intended to write 'moving', my fingers said 'mean' (mean isn't it!).
So if you read 'mean', I mean-t 'moving'
Although it could be interpreted as the 'mean' of several moving averages :)
Vindruee
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This is beautiful, works amazingly on renko charts, i'll come back later to cheer when i buy coins!
So if you read 'mean', I mean-t 'moving'
Although it could be interpreted as the 'mean' of several moving averages :)