OPEN-SOURCE SCRIPT

Binomial MA

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The Binomial MA is a custom moving average indicator that uses a binomial distribution to calculate the moving average of a given price series. This allows for a more flexible and customizable moving average that can be tailored to different market conditions and trading strategies.

One key advantage of the Binomial MA is that it allows for more fine-tuned control over the length of the moving average. The length parameter can be adjusted between 5 and 20, with shorter lengths providing more responsive and reactive moving averages, and longer lengths providing smoother and more stable moving averages.

Additionally, the binomial distribution used in the calculation of the moving average allows for a more accurate representation of the underlying price series, as it takes into account the probabilities of different price movements over time. This can be particularly useful for identifying trends and making trading decisions.

Overall, the Binomial MA is a versatile and powerful moving average indicator that can be used by traders to better analyze and understand price movements in the market. It offers greater control and flexibility than traditional moving average indicators, and can be adjusted to suit a wide range of trading strategies and market conditions.
Notes de version
Major upgrade and now it actually works.
Notes de version
Truncate weights always on.
Moving 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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