VAMA Volume Adjusted Moving Average Bands

2020년 7월 6일

This indicator is standard deviation bands using a live analysis adaptation of Richard Arms' ‎Volume Adjusted Moving Average as their basis. ‎VAMA utilizes a period length that is based on ‎volume increments rather than time.

• SampleN - N ‎volume bars used as sample to calculate average ‎volume , 0 equals all bars.

• VAMA Source - Price used for ‎volume weighted calculations.

• VAMA Length - Specified number of ‎volume ratio buckets to be reached.

• VAMA VI Fct - Size of ‎volume ratio buckets.

• VAMA Strict - Must meet desired ‎volume requirements, even if number of bars has to exceed ‎VAMA Length to do it.

• STDV Factor - Standard Deviation multiplier.

• STDV Length - Standard Deviation period.

• Brightness - Color opaqueness for the band fills.

Please see previous published example here for more details on VAMA's usage and inability to redraw the past on time based charts.

NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!

2021년 11월 22일

릴리즈 노트

Updated for Pine Script v5.

2022년 1월 4일

릴리즈 노트

Revision 1

Added inline settings for choosing band colors and opacity.

2022년 1월 4일

릴리즈 노트

Cosmetic code correction, no feature changes.