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 v4 · On the chart
WE-Angels
WE-Angels is an overlay indicator that plots optional exponential and simple moving averages, including 111-day and yearly angel averages, on the price chart.
GitHub stars10on the repository
Pine versionv4older, still runs
Lines of code840
Settings25inputs
LicenceNone stated
Last update5 years ago13 Jul 2021
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
WE-Angels can show Pi Cycle and inverse Pi Cycle crosses with labels, a dollar-cost averaging view, long or short markers, a bull-bear average, the Mayer multiplier, golden and death crosses, and CME gaps. Settings toggle each module, moving-average lengths, the Pi Cycle daily timeframe and multiplier, label offset, and decimal places. It does not define entries, exits, or a stop loss.
- Optional EMA and SMA plots
- Pi Cycle and inverse Pi Cycle labels
- Golden and death crosses with averages
- CME gap display
- Bull-bear average and Mayer multiplier toggles
Details
Published by
davro on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Moving averages, Support & resistance
Markets
Crypto, Stocks
Timeframes
H4 and above
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| EMA | bool | false | showEMA |
| SMA | bool | true | showSMA |
| SMA (Angel Rainbow) | bool | false | showIndicatorAngelSMA |
| SMA (Yearly) | bool | false | showIndicatorAngelSMAYearly |
| PI Cycle | bool | true | showIndicatorPICycle |
| PI Cycle Inverse | bool | true | showIndicatorPICycleInverse |
| DCA | bool | true | showIndicatorDCA |
| Long or Short | bool | true | showIndicatorLongShort |
| Bull Bear Average | bool | true | showIndicatorBullBearAverage |
| Mayer Multiplier | bool | true | showIndicatorMayerMultiplier |
| Golden/Death Crosses with Averages | bool | true | showIndicatorGoldenDeathWithAverages |
| CME Gaps | bool | true | showIndicatorCMEGaps |
Show all 25 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| DEBUG | bool | false | showIndicatorDebug |
| Long MA | int | 350 | longMADays |
| Short MA | int | 111 | shortMADays |
| Show Moving Averages? | bool | true | showMA |
| Show cross level? | bool | true | showCross |
| Show label of Pi Cycle Top Cross? | bool | true | showLabelPICycleTop |
| Show label of crossback? | bool | true | showLabelPICycleDown |
| Decimal Places | int | 0 | decPlaces |
| Label Offset | int | 6 | labelOffset |
| Label Text Color | color | #FFFFFF | labelBgColour |
| Timeframe [default Daily] | timeframe | D | piCycleTimeframe |
| Multiplier [default 2.0] | float | 2.0 | piCycleMultiplier |
| Decimal Places | int | 2 | piCycleDecPlaces |
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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