OPEN-SOURCE SCRIPT
Ehlers Fractal Adaptive Moving Average with Bands [Bitcoinduke]
FRAMA – What is it?
Fractal Adaptive Moving Average Technical Indicator ( FRAMA ) was developed by John Ehlers, code was implemented by TradingView user Shizaru. I've updated it to Pine Script 4 and added Bands Extension.
This indicator is constructed based on the algorithm of the Exponential Moving Average , in which the smoothing factor is calculated based on the current fractal dimension of the price series.
Advantages:
FRAMA + Bands
The FRAMA serves as a base for the Upper and Lower Bands which are used as a way to measure volatility by observing the relationship between the Bands and price. Typically the Upper and Lower Bands are set to two standard deviations away from the FRAMA ; however it should be adjusted depending on the task.
Fractal Adaptive Moving Average Technical Indicator ( FRAMA ) was developed by John Ehlers, code was implemented by TradingView user Shizaru. I've updated it to Pine Script 4 and added Bands Extension.
This indicator is constructed based on the algorithm of the Exponential Moving Average , in which the smoothing factor is calculated based on the current fractal dimension of the price series.
Advantages:
- possibility to follow strong trend movements
- determine moments of price consolidation ( FRAMA sufficiently slow down at these moments)
FRAMA + Bands
The FRAMA serves as a base for the Upper and Lower Bands which are used as a way to measure volatility by observing the relationship between the Bands and price. Typically the Upper and Lower Bands are set to two standard deviations away from the FRAMA ; however it should be adjusted depending on the task.
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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