Indicator example

Triangle Moving Average

Readonly source from tests/EasyLanguage/David_EasyLanguage, generated Pine Script v6, and an expiry-free example EX5.

Convert your script How the full workflow works

Original EasyLanguage

{ Search Tag: WA-Mov Avg Triangular }
inputs:
Price( Close ) [
DisplayName = "Price",
ToolTip = "Enter an EasyLanguage expression to use in the triangular moving average calculation."],
Length( 9 ) [
DisplayName = "Length",
ToolTip = "Enter the number of bars used in the calculation of the triangular moving average."],
Displace( 0 ) [
DisplayName = "Displace",
ToolTip = "Displacement. Enter the number of bars by which plots will be displaced. Displacement may be positive (left) or negative (right)."];
variables:
AvgTriangular( 0 );
AvgTriangular = TriAverage( Price, Length );
if Displace >= 0 or CurrentBar > AbsValue( Displace ) then
begin
Plot1[Displace]( AvgTriangular, !( "AvgTri" ) );
{ alert criteria }
if AlertEnabled and Displace <= 0 then
begin
if Price > AvgTriangular and AvgTriangular > AvgTriangular[1]
and AvgTriangular[1] <= AvgTriangular[2] then
begin
Alert( !( "Indicator turning up" ) ) ;
end
else if Price < AvgTriangular
and AvgTriangular < AvgTriangular[1]
and AvgTriangular[1] >= AvgTriangular[2] then
begin
Alert( !( "Indicator turning down" ) );
end;
end;
end;
{ ** Copyright © TradeStation Technologies, Inc. All Rights Reserved **
** TradeStation reserves the right to modify or overwrite this analysis technique
with each release. ** }

{ Search Tag: WA-Mov Avg Triangular }

inputs:
	Price( Close ) [
		DisplayName = "Price", 
		ToolTip = "Enter an EasyLanguage expression to use in the triangular moving average calculation."],
	
	Length( 9 ) [
		DisplayName = "Length",
		ToolTip = "Enter the number of bars used in the calculation of the triangular moving average."],
	
	Displace( 0 ) [
		DisplayName = "Displace", 
		ToolTip = "Displacement.  Enter the number of bars by which plots will be displaced.  Displacement may be positive (left) or negative (right)."];

variables:
	AvgTriangular( 0 );

AvgTriangular = TriAverage( Price, Length );

if Displace >= 0 or CurrentBar > AbsValue( Displace ) then 
begin
	Plot1[Displace]( AvgTriangular, !( "AvgTri" ) );

	{ alert criteria }
	if AlertEnabled and Displace <= 0 then 
	begin
		if Price > AvgTriangular and AvgTriangular > AvgTriangular[1] 
			and AvgTriangular[1] <= AvgTriangular[2] then
		begin
			Alert( !( "Indicator turning up" ) ) ;
		end
		else if Price < AvgTriangular 
			and AvgTriangular < AvgTriangular[1] 
			and AvgTriangular[1] >= AvgTriangular[2] then
		begin
			Alert( !( "Indicator turning down" ) );
		end;
	end;
end;


{ ** Copyright © TradeStation Technologies, Inc.  All Rights Reserved ** 
  ** TradeStation reserves the right to modify or overwrite this analysis technique 
     with each release. ** }

Generated Pine Script v6

//@version=6
indicator("MovAvgTriangleIndicator", overlay=true)
// dependencies:
__el_triangular_average(float source, int length) =>
int firstLength = int(math.ceil((length + 1) / 2.0))
int secondLength = int(math.floor((length + 1) / 2.0))
ta.sma(ta.sma(source, firstLength), secondLength)
price = input.source(close, "price")
length = input.float(9.0, "length")
displace = input.float(0.0, "displace")
var float avgtriangular = 0
float __el_plot1 = na
color __el_plot1_color = color.blue
__el_call1 = __el_triangular_average(price, int(length))
if bar_index >= 8
avgtriangular := __el_call1
if displace >= 0 or bar_index + 1 > math.abs(displace)
__el_plot1 := avgtriangular
if true and displace <= 0
if price > avgtriangular and avgtriangular > avgtriangular[1] and avgtriangular[1] <= avgtriangular[2]
alert("Indicator turning up", alert.freq_once_per_bar)
else
if price < avgtriangular and avgtriangular < avgtriangular[1] and avgtriangular[1] >= avgtriangular[2]
alert("Indicator turning down", alert.freq_once_per_bar)
plot(__el_plot1, title="AvgTri", color=__el_plot1_color, offset=int(displace))

//@version=6
indicator("MovAvgTriangleIndicator", overlay=true)

// dependencies:
__el_triangular_average(float source, int length) =>
    int firstLength = int(math.ceil((length + 1) / 2.0))
    int secondLength = int(math.floor((length + 1) / 2.0))
    ta.sma(ta.sma(source, firstLength), secondLength)

price = input.source(close, "price")
length = input.float(9.0, "length")
displace = input.float(0.0, "displace")
var float avgtriangular = 0
float __el_plot1 = na
color __el_plot1_color = color.blue
__el_call1 = __el_triangular_average(price, int(length))
if bar_index >= 8
    avgtriangular := __el_call1
    if displace >= 0 or bar_index + 1 > math.abs(displace)
        __el_plot1 := avgtriangular
        if true and displace <= 0
            if price > avgtriangular and avgtriangular > avgtriangular[1] and avgtriangular[1] <= avgtriangular[2]
                alert("Indicator turning up", alert.freq_once_per_bar)
            else
                if price < avgtriangular and avgtriangular < avgtriangular[1] and avgtriangular[1] >= avgtriangular[2]
                    alert("Indicator turning down", alert.freq_once_per_bar)
plot(__el_plot1, title="AvgTri", color=__el_plot1_color, offset=int(displace))

Compiled MetaTrader 5 example

The EX5 uses the original script filename stem and has no PineAnywhere expiration guard.

Download MovAvgTriangleIndicator.ex5