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OPEN-SOURCE SCRIPT

Gaussian Ribbon

Par NantzOS
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The Gaussian Ribbon utilizes two "Arnaud Legoux" moving averages with the same length to identify changes in trend direction. The plotted channel consists of two lines, one based on the default offset and sigma values, and the other with slightly adjusted customizable parameters.

  • ALMA is a type of moving average that is related to the Gaussian function through its mathematical formula and the concept of weighted averages.


  • The ALMA is designed to reduce lag in moving averages and provide more timely responses to price changes. It achieves this by applying a Gaussian distribution (bell-shaped curve) as a weighting function to the price data.


  • The Gaussian function is used to calculate the weights in the ALMA formula. These weights give more importance to recent price data while gradually reducing the influence of older data points. This results in a smoother and more responsive moving average.


In summary, the Gaussian Ribbon uses the offset and power of the second ALMA to create a lag that still calculates using the same length.
Notes de version
Updated default parameters due to a style setting issue, you can change the default colors and transparency from the pine editor for the time being
Notes de version

  • Minor script reorganization and V6 update
Bands and ChannelsMoving Averages

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

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NantzOS
KP

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