// Copyright © Robert Hill, 2006

//@version=4
study("Braid Filter")

//-- Inputs
maType = input("EMA", "MA Type", options = ["EMA", "DEMA", "TEMA",
"WMA", "VWMA", "SMA", "SMMA", "HMA", "LSMA", "Kijun", "McGinley", "RMA"])
Period1 = input(3, "Period 1")
Period2 = input(7, "Period 2")
Period3 = input(14, "Period 3")
PipsMinSepPercent = input(40)

//-- Moving Average

ma(type, src, len) =>
float result = 0
if type=="SMA" // Simple
result := sma(src, len)
if type=="EMA" // Exponential
result := ema(src, len)
if type=="DEMA" // Double Exponential
e = ema(src, len)
result := 2 * e - ema(e, len)
if type=="TEMA" // Triple Exponential
e = ema(src, len)
result := 3 * (e - ema(e, len)) + ema(ema(e, len), len)
if type=="WMA" // Weighted
result := wma(src, len)
if type=="VWMA" // Volume Weighted
result := vwma(src, len)
if type=="SMMA" // Smoothed
w = wma(src, len)
result := na(w[1]) ? sma(src, len) : (w[1] * (len - 1) + src) / len
if type == "RMA"
result := rma(src, len)
if type=="HMA" // Hull
result := wma(2 * wma(src, len / 2) - wma(src, len), round(sqrt(len)))
if type=="LSMA" // Least Squares
result := linreg(src, len, 0)
if type=="Kijun" //Kijun-sen
kijun = avg(lowest(len), highest(len))
result :=kijun
if type=="McGinley"
mg = 0.0
mg := na(mg[1]) ? ema(src, len) : mg[1] + (src - mg[1]) / (len *
pow(src/mg[1], 4))
result :=mg
result

//-- Braid Filter

ma01 = ma(maType, close, Period1)
ma02 = ma(maType, open, Period2)
ma03 = ma(maType, close, Period3)

max = max(max(ma01, ma02), ma03)

min = min(min(ma01, ma02), ma03)
dif = max - min

filter = atr(14) * PipsMinSepPercent / 100

//-- Plots
BraidColor = ma01 > ma02 and dif > filter ? color.green : ma02 > ma01 and dif >
filter ? color.red : color.gray

plot(dif, "Braid", BraidColor, 5, plot.style_columns)

plot(filter, "Filter", color.blue, 2, plot.style_line)
bgcolor(BraidColor)