LineBreak Exponential Moving Average

2024년 3월 9일

There are two types of charts. Timed and timeless ones.


The classic (timed) trading chart is the one shown on the right.
After each period closes, a candle closes.
Time defines the progress of this chart.

Then there are timeless charts, as shown on the left.
A candle closes only after price reaches a target, based on rules.
Price defines the progress of this chart.

Japanese invented most timeless charts to filter volatility and improve the visibility of trend changes.

To achieve consistency between these two different worlds, a simple but very useful EMA was developed.
This indicator transforms the timeless linebreak chart into a timed one to calculate EMA.
In this way, we have consistent behavior as being in a timed chart. Identical MA crossings and support/resistance.

The use of EMA is well known. It is not some new concept that needs further explanation.
The interpretation of LineBreak EMA is the same as the interpretation of your daily EMA.

Tread lightly, for this is line-broken ground.

2024년 3월 9일

릴리즈 노트

Minor consistency fixes.

2024년 3월 9일

릴리즈 노트

Fixes in lower timeframes.

2024년 7월 18일

릴리즈 노트

Changes in EMA calculation method.