This indicator was originally developed by Constance (Connie) M. Brown (Journal of Technical Analysis (Winter-Spring 1994, 45-61): "Derivative Oscillator: A New Approach to an Old Problem").
Displays triple moving average (SMA calculation method) intended for use daily time frames. Equivalent to 7,30, & 50 on weekly time frame.
Orange = 49
Purple = 210
Blue = 350
◊ Introduction
This script makes use of three RMI's, to indicate Overbought/Oversold.
Adjustments can easily be made, through its settings or script.
◊ Origin
The Relative Momentum Index was developed by Roger Altman and was introduced in his article in the February, 1993 issue of Technical Analysis of Stocks & Commodities magazine.
While RSI counts up and...
Triple simple moving average. Use this to plot three averages with a single indicator instead of three individual ones.
Defaults are configured for 50, 100 and 200 interval averages. Adjust interval lengths to your desires.
Super simple.
Three simple moving averages all in a single indicator for your convenience.
Default values:
MA 1 - 20
MA 2 - 50
MA 3 - 100
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