Tradingview.com | "The Arty" - The Moving Average Official Indicator

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OVERVIEW

This indicator was inspired by Arty. I've taken what he teaches and have applied the tools that he uses into one useful indicator.

█ COMPONENTS

Here is a brief overview of the indicator:

Smoothed Moving Averages
Arty uses three main smoothed moving averages and on occasion a fourth. All of the moving averages are customizable by color, length, and timeframe.

1 — 21 SMMA - this is the white moving average closest to price and is the first part of our small cloud.
2 — 50 SMMA - this is the green moving average and is the second part of or small cloud.
3 — 100 SMMA - this is the optional moving average and is only used occasionally in Arty's teachings.
4 — 200 SMMA - this is our final moving average and is part of our larger cloud. It also have a dynamic color feature that will show, on a micro level, who is currently in control of the market short term.

Moving Average Clouds
You have a few options when it comes to the moving average clouds.

1 — Small cloud solid color - this is a simple cloud to help visualize the current trend.
2 — Small dynamic - this cloud helps you see who is currently in control of the market and helps you make timely trade entry and exit decisions based on other confluences.
3 — Large solid cloud - this cloud spans from the 200 moving average all the way to price action. This is to help quickly gauge market direction.

Candlestick Patterns
Currently there are two candlestick patterns that are monitored and set alerts for. Alerts can be set for bullish or bearish as well as an alert when these patterns are combined.

1 — "Big Ass Candles" aka Engulfing Candles - You can select bullish , bearish , both, or hide them.
2 — 3 Line Strike - This is a reversal pattern that you can again select bullish , bearish , both, or hide them.

Trade Management
This is a tool to help with setting your stop loss, break even, and target levels. Currently you can set these based on the current ATR. In next update, you will also have the option to use pips/points.

Backtesting
This allows you to plot your trading sessions on the chart so while backtesting, you are only testing the sessions that you actually trade. It makes no sense to backtest a trading session that you do not regularly trade.