OPEN-SOURCE SCRIPT
Pips-Stepped, Adaptive-ER DSEMA w/ DSL [Loxx]
Mis à jour
Pips-Stepped, Adaptive-ER DSEMA w/ DSL [Loxx] is an Efficiency-Ratio-Adaptive, Double-Smoothed EMA with Pips Stepping and Discontinued Signal Lines. This combination reduces noise and improves signal quality.
What is Double Smoothed Exponential Moving Average (DSEMA) ?
The Double Smoothed Exponential Moving Average is a lot less laggy compared to a traditional EMA . It's also considered a leading indicator compared to the EMA , and is best utilized whenever smoothness and speed of reaction to market changes are required.
What is the efficiency ratio?
In statistical terms, the Efficiency Ratio tells us the fractal efficiency of price changes. ER fluctuates between 1 and 0, but these extremes are the exception, not the norm. ER would be 1 if prices moved up 10 consecutive periods or down 10 consecutive periods. ER would be zero if price is unchanged over the 10 periods.
Included:
What is Double Smoothed Exponential Moving Average (DSEMA) ?
The Double Smoothed Exponential Moving Average is a lot less laggy compared to a traditional EMA . It's also considered a leading indicator compared to the EMA , and is best utilized whenever smoothness and speed of reaction to market changes are required.
What is the efficiency ratio?
In statistical terms, the Efficiency Ratio tells us the fractal efficiency of price changes. ER fluctuates between 1 and 0, but these extremes are the exception, not the norm. ER would be 1 if prices moved up 10 consecutive periods or down 10 consecutive periods. ER would be zero if price is unchanged over the 10 periods.
Included:
- Bar coloring
- Signals
- Alerts
- EMA and FEMA Signal/ DSL smoothing
- Loxx's Expanded Source Types
Notes de version
Source type library updateScript 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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