Endpoint Moving Average (EPMA) For ThinkOrSwim

[mashume]

Inspiration

Browsing for new or interesting indicators and specifically moving averages I came across this one:
https://user42.tuxfamily.org/chart/manual/Endpoint-Moving-Average.html
which looked interesting.

It turns out to be quite fast, and interesting. I built a strategy with a two ma crossover. Take out the AddOrder() functions at the end if you just want the indicator.

Install

http://tos.mx/6xT3DgL

Indicator Code

#########################################################
#
#    Endpoint Moving Average
#
#    for the usethinkscript.com community
#    by mashume 2023.01
#
#    after code from:
#    https://user42.tuxfamily.org/chart/manual/Endpoint-Moving-Average.html
#
##########################################################

declare upper;

input fast_length = 30;
input slow_length = 50;

script epma{
    input length = 15;
    input p = CLOSE;

    def numerator = fold n = 0 to length with s do s + (2 * length -((n * 3) + 1)) * getValue(p, n);
    def denominator = fold a = 0 to length with b do b + (2 * length -((a * 3) + 1));

    plot epma = numerator / denominator;}

plot fast = epma(fast_length, close);
plot slow = epma(slow_length, close);

AddOrder(type = OrderType.BUY_AUTO, fast crosses above slow, tradeSize = 1, tickColor = Color.BLUE, arrowColor = Color.BLUE);
AddOrder(type = OrderType.SELL_AUTO, fast crosses below slow, tradeSize = 1, tickColor = Color.BLUE, arrowColor = Color.BLUE);

Eye Candy

This indicator likes to be adjusted. None of the default settings work for every situation. I've included the Floating Profit Loss indicator using a simple two line crossover strategy.

SPY 1Y 1D

TESLA 1Y 1D

/ES 10d 5m

Happy Trading
-mashume