This indicator plots the original simple moving average, a symmetric moving average calculated from the highest and lowest moving averages over the window length, and a dynamic midline.
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
Symmetric MA Reversal Signals generates buy signals when the deviation from the symmetric moving average crosses the lower extreme threshold with positive price slope, and sell signals when crossing the upper extreme. The main settings control the window length for calculations, the Z-score deviation multiplier, an option to use the golden ratio for the midline, and the golden ratio value. Signals display as labels on the price chart. No notable limits such as repainting or lookahead are present.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Øæá äÌÑå ãÊÍј (Window)
int
20
length
ãäÈÚ ÞíãÊ
source
close
src
ÖÑíÈ ÇäÍÑÇÝ ÏÇíäÇãí˜ (Z-Score)
float
2.0
devMult
ÇÓÊÝÇÏå ÇÒ äÓÈÊ ØáÇíí ÏÑ ÎØ ãíÇäí
bool
false
useGoldenRatio
ãÞÏÇÑ äÓÈÊ ØáÇíí
float
1.618
phi
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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