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.
Vous voulez utiliser ce script sur un graphique ?
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