PROTECTED SOURCE SCRIPT
CWAP - Candle Close Weighted Average Price
Variable EMA length based on candle closes.
Current candle is greater/lesser than previous candle close[x] in successive periods = add to the length
In the case of reversals, price tends to spike up, retrace, then reverse. In that event, the EMA resets length to catch up before a full reversal occurs.
When price moves uniformly in one direction, the EMA length increases excessively to prevent chop.
Similar to a McGinley Dynamic, except weight isn't give to a particular direction.
Current candle is greater/lesser than previous candle close[x] in successive periods = add to the length
In the case of reversals, price tends to spike up, retrace, then reverse. In that event, the EMA resets length to catch up before a full reversal occurs.
When price moves uniformly in one direction, the EMA length increases excessively to prevent chop.
Similar to a McGinley Dynamic, except weight isn't give to a particular direction.
Script protégé
Ce script est publié en source fermée. Cependant, vous pouvez l'utiliser librement et sans aucune restriction – pour en savoir plus, cliquez ici.
My published indicators: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script protégé
Ce script est publié en source fermée. Cependant, vous pouvez l'utiliser librement et sans aucune restriction – pour en savoir plus, cliquez ici.
My published indicators: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.