Development of the “moving average” dates back to 1901, although the name was applied to it later. From math historian Jeff Miller: MOVING AVERAGE. This technique for smoothing data points was used for decades before this, or any general term, came into use.
Jackrabbit's momentum detection uses moving averages.
Moving averages is a technical indicator that is used to smooth out price data over a given time period. It is calculated by taking the average of a certain number of periods of an asset's price, typically closing prices.
In trading, momentum can be measured using moving averages by calculating the difference between the current price of an asset and its price over a certain time period in the past. This can be done by subtracting the moving average of the asset's price over a certain number of periods from the current price.
Traders often use momentum indicators to identify potential entry and exit points in the market, as well as to confirm the strength and direction of a trend. For example, a trader might look for a positive momentum reading as a potential buy signal, or a negative momentum reading as a potential sell signal.
Overall, momentum indicators can be a useful tool for identifying the rate of change in the price of an asset and can help traders make more informed decisions about their trades.
The Moving Averages from the Jackrabbit suite and modulus framework supports differential timeframe analysis and confirmational bias.
Timeframes supported: 1 Second, 5 Seconds, 15 Seconds, 30 Seconds, 1 Minute, 5 Minutes, 15 Minutes, 30 Minutes, 45 Minutes, 1 Hour, 2 Hours, 3 Hours, 4 Hours, 6 Hours, 8 Hours, 12 Hours, 1 Day, and any custom timeframe TradingView supports.
The main indicatior and the confirmational indicator can both be
individually tuned for the length and smoothing, with many different moving
The Jackrabbit modulus framework is a plug in play paradigm built to operate through TradingView's indicator on indicatior (IoI) functionality. As such, this script receives a signal line from the previous script in the IoI chain, and evaluates the buy/sell signals appropriate to the current analysis. The results are either combined with the signal line, or used as confirmation to the signal line. A new signal line is generated for the next script in the link.
Buy/Sell alerts are produced, but this script is not designed or meant to function outside my framework. By default, the signal line is visible and the charts are turned off. Signal line visibility is controlled by the Style tab, and the charts display is controlled by the indicator settings tab.
This script is part of a subscription along with 20 other scripts that make up Jackrabbit TV. For more information, please visit my patreon site.
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