It ended up being somewhat close, but not exact, but the result is that you get a pseudo-vwap without a need for data, that isn't cumulative and can indicate trend direction, or if the market's ranging.
This is very powerful information!
I highlight a trade setup we get here, derived from observing the indicator's slope and knowing how to read price action, assisted by rgmov and readings.
To get the code for the other indicator's you will have to click on share, and then on 'Make it mine' so you get the whole layout.
Good luck and hope you find these of use.
A few uses...
진정한 TradingView의 정신에 따라, 이 스크립트의 작성자는 스크립트를 오픈소스로 게시했기에 거래자들이 이해하고 확인할 수 있습니다. 작가님께 건배! 스크립트를 무료로 사용할 수 있지만, 게시물에서 이 코드를 재사용하는 것은 하우스룰을 따릅니다. 당신은 스크립트를 차트에 사용하기 위해 그것을 즐겨찾기 할 수 있습니다.
study(title = "POC bands 2.0", shorttitle="POCB", overlay=true) resCustom = input(title="Timeframe", type=resolution, defval="240") Length = input(6, minval=1) xPrice = security(tickerid, resCustom, hlc3) xvnoise = abs(xPrice - xPrice) nfastend = 0.666 nslowend = 0.0645 nsignal = abs(xPrice - xPrice[Length]) nnoise = sum(xvnoise, Length) nefratio = iff(nnoise != 0, nsignal / nnoise, 0) nsmooth = pow(nefratio * (nfastend - nslowend) + nslowend, 2) nAMA = nz(nAMA) + nsmooth * (xPrice - nz(nAMA)) basis = nAMA atr = ema(tr,11) upper = basis + (atr*3) lower = basis - (atr*3) plot(basis, color=blue) plot(upper, color=blue) plot(lower, color=blue)
Also, You’ re talking about a trade setup derived from observing the indicator's slope and knowing how to read price action, assisted by rgmov and cci readings. I don’t find the share button to make it mine and get the whole lay out
Can you help on this one ? Thanks a lot !!
Do you recommend to use others indicators of yours ‘ more updated or evolved one ?
Stick to the daily chart and apply the indicator alone on charts. You can trade breakouts after the middle line goes flat for a few days, and aim for the bands to exit.
Thanks a lot for your advice too !! I am gonna stick to what you explained !! Thanks man