This indicator gives an Ribbon of various VAMA's The VAMA is an adjusted moving average, based on the volatility of the past x amount of bars, measured against the ema of a certain length.
The VAMA may give you an indication of likely price targets, amongst other use cases similar to other ma's
If you have any other ideas for further development,... let me know!!
If you want to use the VAMA in your scripts, please give me a shoutout! ;-)
JD.
#NotTradingAdvice #DYOR
Disclaimer. I AM NOT A FINANCIAL ADVISOR. THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY. ALWAYS DO YOUR OWN RESEARCH!
I build these indicators for myself and provide them open source, to use for free to use and improve upon, as I believe the best way to learn is toghether.
Notes de version
⋅
Code Cleanup.
Reduced the line thickness for less invasive visuals.