Moving Average Channel plots separate simple moving averages for upper and lower bands on the price chart. It fills the space between bands with semi-transparent color and colors bars green above the upper band, red below the lower band, or gray in between. Us
Indicator · Pine Script v5 · On the chart
MUSLUCA-V2
MUSLUCA-V2 is an overlay indicator that plots higher-timeframe moving averages on the price chart.
Repaints
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code244
Settings23inputs
LicenceNone stated
Last update2 years ago5 May 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
MUSLUCA-V2 draws an 8-period and a 55-period exponential moving average from the four-hour timeframe, an 8-period daily exponential moving average, and 9-period and 15-period weekly weighted moving averages. It also plots percentage offsets above the weekly 9-period weighted average, defaulting to 15, 30, 40, 50 and 70 percent. Lengths, sources and resolutions are adjustable. Higher-timeframe values can change while their source bars are still forming. The shown code has no entry or exit rules.
- Four-hour EMA 8 and EMA 55
- Daily EMA 8 overlay
- Weekly WMA 9 and WMA 15
- Percentage offsets above weekly WMA 9
- Adjustable lengths, sources and resolutions
Details
Published by
Kalumur on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Moving averages, Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | 8 | ma8_len |
| Source | source | close | src8 |
| EMA-8 4S | timeframe | 240 | res8 |
| Length | int | 55 | ma18_len |
| Source | source | close | src18 |
| EMA55 4S | timeframe | 240 | res18 |
| Length | int | 8 | ma28_len |
| Source | source | close | src28 |
| EMA8 GÜNLÜK | timeframe | 1D | res28 |
| Length | int | 9 | ma3_len |
| Source | source | close | src3 |
| wma9Periyod | timeframe | 1W | res3 |
Show all 23 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | 15 | ma4_len |
| Source | source | close | src4 |
| wma15Periyod | timeframe | 1W | res4 |
| Percent Increase | int | 15 | percent_increase |
| Percent Increase | int | 30 | percent_increase1 |
| Percent Increase | int | 40 | percent_increase2 |
| Percent Increase | int | 50 | percent_increase3 |
| Percent Increase | int | 70 | percent_increase4 |
| kijunTimeFrame | timeframe | 1W | kijunTimeFrame |
| Kijun Periods | int | 20 | kijunPeriods |
| length | int | 21 | length77 |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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