Combining Moving Average and Oscillator Ratings for Trading Signals
Summary
This indicator combines technical ratings from moving averages and oscillators, or displays either category on its own. When both are used, a configurable percentage weight blends the two values into a total rating. It maps rating values to five states, from strong sell through neutral to strong buy, and displays the components and total in chart visuals and the data window.
Alerts can trigger when the selected rating crosses user-defined long or short levels, or after successive increases or decreases in rating strength. Users can choose direction, alternate long and short alerts, and configure higher-timeframe calculations and realtime updates. The script describes repainting behavior: intrabar higher-timeframe values may disappear after reload, while disabling repainting delays updates and alerts until bar confirmation. It provides indicator mechanics and alert controls, but no performance results or evidence that the signals predict profitable trades.
Key ideas
- The total rating can blend moving average and oscillator ratings using a configurable weight.
- Rating values map to strong, weak, or neutral directional states.
- Alerts can be based on rating-level crossings or successive increases and decreases in rating strength.
- Higher-timeframe realtime updates can repaint and may not persist after the indicator reloads.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.