Expanded the available moving average types. The available moving averages now in this script are:
-Exponential Moving Average
-Simple Moving Average
-Smoothed Moving Average
-Weighted Moving Average
-Volume Weighted Moving Average
-Arnaud Legoux Moving Average
-Hull Moving Average
-Least Squares Moving Average
-Coefficient of Variation Weighted Moving Average
-Fractal Adaptive Moving Average
-Kaufman's Adaptive Moving Average
Bar colors are now included. The color scheme highlights coherent and divergent price activity.
Cleaned up the code. Removed unnecessary variables for enhanced performance.
Added Double Exponential Moving Average to the available moving average types.
Moving average type selection is now an easy to use dropdown menu.
Added volume options to the VWMA calculation. You can now choose between the default or tick volume as the volume type.
Updated color scheme to include pullbacks.
Minor bug fix
Do you trade using this indicator yourself? If so, do you use particular settings or default? Do you use complimentary indicators with it? I also like your Trend Intensity Index, and am playing with both of these together. Getting some nice signals too! Thanks for sharing your hard work with us.
I did trade with this indicator using the default settings and found great results with it. In nature, it is indeed similar to Ichimoku trading. Ichimoku is actually what initially inspired this study.
As far as complementary indicators go, I personally found the Dual Volume Divergence Index goes rather nicely with it as a confirmation tool, however mixing and matching indicators really comes down to subjective preference.