TVT 3X Scale In Out colors the first average blue, the second maroon and the third red. A translucent fill between the first and second averages turns lime when the first is above the second and maroon when it is below. The source and lengths are adjustable. The EMA toggle is inverted in the code, so enabling it plots simple averages and leaving it off plots exponential averages. No scale-in, scale-out, entry or exit rules appear in the script.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
src
source
close
src
Use EMA over SMA?
bool
false
use_ema
MA-1
int
8
ma1
MA-2
int
21
ma2
MA-3
int
50
ma3
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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