OPEN-SOURCE SCRIPT
Atualizado Ratio Smoothed, Volume Weighted Moving Average
This is experimental moving average doesn't use a period/length but instead buffers the price per share and transfers that price per share at a given ratio per bar while also releasing the previous values at a decay ratio.
The idea is that volume is the engine by which the price moves but spikes in volume can cause noise. By having a buffer of price per share units, this VWMA style indicator can behave more like a WMA combined with volume (VAWMA) but smooths out the noise of recent volume. The end result is a price movement that is smooth but also still based strongly up on the average price per share and will always eventually catch up to the true price per share value.
A metaphor to understand this could be a bucket with a hole in it where water is flowing sporadically into the bucket. The level of water in the bucket may change drastically but instead of all the water emptying out immediately, it is throttled by the hole in the bottom. As the level rises, the water pressure increases and the flow increases so that the virtual bucket never has a chance to fill up but also never really empties either.
The idea is that volume is the engine by which the price moves but spikes in volume can cause noise. By having a buffer of price per share units, this VWMA style indicator can behave more like a WMA combined with volume (VAWMA) but smooths out the noise of recent volume. The end result is a price movement that is smooth but also still based strongly up on the average price per share and will always eventually catch up to the true price per share value.
A metaphor to understand this could be a bucket with a hole in it where water is flowing sporadically into the bucket. The level of water in the bucket may change drastically but instead of all the water emptying out immediately, it is throttled by the hole in the bottom. As the level rises, the water pressure increases and the flow increases so that the virtual bucket never has a chance to fill up but also never really empties either.
Notas de Lançamento
Fixed description and thumbnail.Notas de Lançamento
Added feature for using time instead of bars so that the plot can stay consistent across multiple time-frames.Notas de Lançamento
Allow for smaller minimum.Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.