Build a Stacked Moving Average Indicator in 15 Minutes

[@TheLegendaryMac]

Thank you so much for this tutorial. Very quick and easy to understand.

[@mikemed4603]

Thank you so much for your helpful videos ,I have just subscribed.

[@TOSIndicators]

Glad they helped, Mike!

[@hoxton0932]

Great content. Thanks. Subscribed.

[@TOSIndicators]

Awesome, thank you!

[@Scott-g9t]

The most useful yet for me. I can use this right away. Thank you.

[@TOSIndicators]

My pleasure, and glad to hear that!

[@rawhide1231]

Great job, I was having a heck of a time trying to plot an arrow on a Ron Hoffman indicator which uses SMAs with EMAs (although each are renamed for his indicator). This spelled it all out for me and I now have the arrow exactly where I want them. May be asking to much but any way to add an audio alert to this code? Thanks again!

[@TOSIndicators]

Glad to hear it was helpful! You can add audio alerts easily, using the Alert function, and plugging in the boolean variable (ie. what you'd like an alert for). Documentation: tlc.thinkorswim.com/center/reference/thinkScript/Functions/Others/Alert

[@rawhide1231]

It was and thanks again. I have used the chart alert and it works but it doesn't repeat and is only good for the chart product it was made on. At least this is what I have found. Is there a script I can actually add to the indicator for a more permanent alert that works across all products that I use this indicator on?@@TOSIndicators

[@TOSIndicators]

You can use a workaround approach in TOS to accomplish that. You will need to turn the indicator into a scan, and then leverage the "Alert when scan results change" functionality that is available in the watchlist column of TOS. Here's a video which walks through an example of that for text + audio alerts: kzbin.info/www/bejne/rqevmqh7r5tjnJY

[@rawhide1231]

I will look into that although I was hoping for an easier solution (maybe like TradingView alerts). Anyway thanks again for the help you have given me. @@TOSIndicators

[@thephnxtrading]

Instead of plotting a Up/Down Arrow for Stacked MA's, can it plot the chart background a shade of Green for Stacked Bull and a shade of Red for Stacked Bear? (Background stays shaded Green/Red entire time its stacked, and when not stacked returns to normal Black background)

[@TOSIndicators]

Yep - you would just need to use the AssignBackgroundCOlor instead.

[@thephnxtrading]

@@TOSIndicators I tried but it keeps highlighting in Red the word 'if' on Lines 23 & 26. here is what I got so far: #8EMA, 20EMA, 50EMA, 100EMA, 200EMA plot EMA8 = ExpAverage (close, 8); EMA8.SetDefaultColor(Color.GREEN); plot EMA20 = ExpAverage (close, 20); EMA20.SetDefaultColor(Color.CYAN); plot EMA50 = ExpAverage (close, 50); EMA50.SetDefaultColor(Color.WHITE); plot EMA100 = ExpAverage (close, 100); EMA100.SetDefaultColor(Color.RED); plot EMA200 = ExpAverage (close, 200); EMA200.SetDefaultColor(Color.YELLOW); def bullStacked = EMA8 > EMA20 and EMA20 > EMA50 and EMA50 > EMA100 and EMA100 > EMA200; def bearStacked = EMA8 < EMA20 and EMA20 < EMA50 and EMA50 < EMA100 and EMA100 < EMA200; plot bullStackedPlot = bullStacked and !bullStacked[1]; AssignBackgroundColor(if ExpAverage(close,8)>ExpAverage(close, 20)and expAverage(close,20)>ExpAverage(close,50) and expaverage(close,50)>ExpAverage(close,100) and ExpAverage(close,100)>ExpAverage(close,200) then color.DARK_GREEN); plot bearStackedPlot = bearStacked and !bearStacked[1]; AssignBackgroundColor (if ExpAverage(close,8)

[@juanfeliperodriguez7688]

Gracias hermano!!!

[@TOSIndicators]

De nada :)

[@shonnavalli]

Thank you so much for this - I ran into a problem with the line to plot the bullstack. def bullStacked = EMA8 > EMA21 and EMA21 > EMA34 and EMA34 > EMA50; def bearStacked = EMA8 < EMA21 and EMA21 < EMA34 and EMA34 < EMA50; plot bullStackedPlot = bullStacked and !bullStacked[1]; All the lines get squished up when I execute this plot. Not sure if something was depricated. If you can help, would be much appreciated. Thanks one again.

[@TOSIndicators]

Your plot variable outputs a boolean value -- you will need to use a boolean painting strategy type, in order to see arrows / signals on your chart when the condition is true. tlc.thinkorswim.com/center/reference/thinkScript/Constants/PaintingStrategy/PaintingStrategy-BOOLEAN-ARROW-UP

[@shonnavalli]

@@TOSIndicators Thank you so much, it worked!!!

[@sjsphotog]

Super. you rock

[@TOSIndicators]

Thank you!