The MA types I've included in this script are:
- Geometric Moving Average
- Moving Average
Custom bar color scheme is included with two different colorization methods - one based on the , and the other based on the histogram.
//Altered the list of available moving average types to only include the ones I found to be most effective for this formula.
The available moving average types are now:
-> Exponential Moving Average
-> Double Exponential Moving Average
-> Simple Moving Average
-> Smoothed Moving Average
-> Weighted Moving Average
-> Volume Weighted Moving Average
-> Arnaud Legoux Moving Average
-> Least Squares Moving Average
-> Kaufman's Adaptive Moving Average
The moving average and bar color types can be selected via easy to use dropdown menus.
It's important to note that the default sampling periods may not be equally effective with each moving average type. It is wise to play with the settings and find what works best with what you're analyzing.