One or two moving averages in one study, with 13 types to choose from, including SMA, EMA, HMA, ALMA, KAMA and VWMA.
Overview
This study draws one moving average, or two if you turn on MA 2. Each line has its own type, length and source. By default MA 1 is a 20-bar SMA in blue and MA 2 is a 50-bar SMA in orange.
It lets you compare average types without adding a separate indicator for each one.
How it works
The types are SMA, EMA, WMA, RMA (SMMA), HMA, ALMA, VWMA, DEMA, TEMA, KAMA, LSMA, McGinley and Hamming. Each is the standard formula: for example SMA is a plain average, EMA weights recent bars more, VWMA weights by volume, and HMA combines weighted averages to cut lag.
ALMA uses an offset (0.85) and sigma (6) to shape its window. LSMA has its own regression offset. A global offset shifts both lines.
How to use it
- Some traders watch a fast and a slow line and note when they cross.
- Use it to see how different average types react to the same move.
- Watch price relative to the 50-bar line as a broad trend filter.
- Use the slope of each line to see if the trend is speeding up or slowing.
These are ways some traders read it, for learning. They are not trade signals.
Settings
| Setting | Default |
|---|---|
| Settings | |
| MA 1 TypeMoving average calculation used for MA 1.Options: SMA, EMA, WMA, RMA (SMMA), HMA, ALMA, VWMA, DEMA… | SMA |
| MA 1 LengthNumber of bars used in the MA 1 calculation. | 20 |
| MA 1 SourcePrice series MA 1 is calculated on.Options: Close, Open, High, Low, HL2, HLC3, OHLC4, HLCC4 | Close |
| Show MA 2Displays the optional second moving average. | Off |
| MA 2 TypeMoving average calculation used for MA 2.Options: SMA, EMA, WMA, RMA (SMMA), HMA, ALMA, VWMA, DEMA… | SMA |
| MA 2 LengthNumber of bars used in the MA 2 calculation. | 50 |
| MA 2 SourcePrice series MA 2 is calculated on.Options: Close, Open, High, Low, HL2, HLC3, OHLC4, HLCC4 | Close |
| ALMA OffsetALMA type only. Values near 1 make the average more responsive, values near 0 make it smoother. | 0.85 |
| ALMA SigmaALMA type only. Larger values widen the Gaussian window for a smoother average. | 6 |
| LSMA OffsetLSMA type only. Bar offset applied to the linear regression value. | 0 |
| OffsetBars the plotted line is displaced by. Positive values push it to the right. | 0 |
| Style | |
| MA 1MA 1 line color. | #5b9cf6 |
| MA 2MA 2 line color. | #ff9800 |
Alerts
You can alert on its line crossing a value or the candle close (from the chart's + menu); checked while ZoroCharts is open.
Notes and limits
- Works on any symbol and timeframe; it only needs candle data.
- VWMA needs volume data.
- All averages lag price to some degree.
Education only. Not financial advice. Indicators mark what happened on the chart; they do not predict what price will do. Trading futures, forex, crypto and other markets carries a high level of risk and may not be suitable for everyone.