OPEN-SOURCE SCRIPT
Volume, Momentum and Volatility weighted moving average
Atualizado
Moving averages are filters on price data. This moving average creates a filter which factors in:
- the price RSI or it's Momentum
- the volume RSI
- the RVI or Volatility
Each factor is put through a least squares filter to smooth them first.
Then the factors are used to build a coefficient for an exponentially weighted average.
The chart above shows a comparison of standard average types with this script.
This is useful if you are looking for a moving average based trigger and do not wish to react to candle noise price action.
- the price RSI or it's Momentum
- the volume RSI
- the RVI or Volatility
Each factor is put through a least squares filter to smooth them first.
Then the factors are used to build a coefficient for an exponentially weighted average.
The chart above shows a comparison of standard average types with this script.
This is useful if you are looking for a moving average based trigger and do not wish to react to candle noise price action.
Notas de Lançamento
Minor updates- reverted to traditional RVI calculation
- pulled apart the momentum for high and low separately
Notas de Lançamento
- Some important revisions - feel free to alter the source- Addressed some initialization conditions
- Added another filter using normalized ratios for relative value filter
- Changed RSI to CMO, CMO is more responsive than RSI and reduces lag
- Added one of my favorite moving average, the Vidya MA
I think it's important to use this moving average with another average or even a supertrend, where the input to the trend is the VMV average. Perhaps a later modification.
I hope you enjoy how these two MA's work together.
Notas de Lançamento
Quick fix of scaling issue, CMO ranges -100 to 100, RVI ranges 0 to 100 . All factors now produce a range of 0 to 100.Notas de Lançamento
_ Allow the script to run in a time frame different from the chart_ Produce a dynamic length based on stochastic oscillator
_ Vidya_ma now runs on dynamic length
_ two more of my favorite ma's are included - parameter-less price and vwap
Notas de Lançamento
- Removed dynamic length selections
- Addressed more initialization problems, if you use a recursive formula it's important the first 100 bars in a data set are not NA and are reasonable values, so need to fix some borrowed pine
- Switched from using stochastic to pick up on trend to using two different inputs, tema and parameterless ma - averaging their best fit length
- Dynamic length applied to the Vidya ma only
Notas de Lançamento
- added gap fill if used in a higher time frame than the chart
- removed the least squares method and replaced with simple ema for speed of execution, the outcomes are close enough so it doesn't warrant the tax on execution speed
- smoothed over a fixed length and not variable
Notas de Lançamento
Updated to V5 Pine- streamlined and simplified a few averages to speed up processing speed
- dynamic length calculations are done now in one loop vs 2
- removed normalization for Vidya and VMV
The script still generates warnings on compilation, but there is no easy way around them.
Script de código aberto
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
Quer usar esse script no gráfico?
Aviso legal
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