OPEN-SOURCE SCRIPT
Variable Index Dynamic Average (VIDYA) with Histper
The Variable Index Dynamic Average (VIDYA) is a unique and adaptive moving average indicator designed to respond dynamically to market volatility. It adjusts its smoothing factor based on the standard deviation of price changes, making it more responsive during periods of high volatility and smoother during periods of low volatility. This version includes two key parameters:
Period: The number of bars used to calculate the VIDYA.
HistPer: The number of historical bars used to calculate the standard deviation, affecting the smoothness and responsiveness of the indicator.
Features:
Dynamic Adaptation: VIDYA adjusts its responsiveness based on market conditions, providing a balance between smoothness and responsiveness.
Customizable Parameters: Users can customize the Period and HistPer to fit their specific trading style and asset characteristics.
Overlay on Price Chart: The VIDYA is plotted directly on the price chart for easy visualization and integration with other technical analysis tools.
Usage:
Trend Identification: Use VIDYA to identify the prevailing trend. A rising VIDYA line indicates an uptrend, while a falling VIDYA line indicates a downtrend.
Entry and Exit Signals: Combine VIDYA with other indicators and trading strategies to confirm entry and exit signals.
Volatility Analysis: Adjust the HistPer to see how the indicator responds to different levels of market volatility.
Period: The number of bars used to calculate the VIDYA.
HistPer: The number of historical bars used to calculate the standard deviation, affecting the smoothness and responsiveness of the indicator.
Features:
Dynamic Adaptation: VIDYA adjusts its responsiveness based on market conditions, providing a balance between smoothness and responsiveness.
Customizable Parameters: Users can customize the Period and HistPer to fit their specific trading style and asset characteristics.
Overlay on Price Chart: The VIDYA is plotted directly on the price chart for easy visualization and integration with other technical analysis tools.
Usage:
Trend Identification: Use VIDYA to identify the prevailing trend. A rising VIDYA line indicates an uptrend, while a falling VIDYA line indicates a downtrend.
Entry and Exit Signals: Combine VIDYA with other indicators and trading strategies to confirm entry and exit signals.
Volatility Analysis: Adjust the HistPer to see how the indicator responds to different levels of market volatility.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.