OPEN-SOURCE SCRIPT
Actualizado Dynamic Highest Lowest Moving Average
Similar to my last script, although this one uses the RSI value of
(highest high - price) / (price - lowest low)
to feed into the the logic creating the dynamic length. Choose how the length curve works by selecting either Incline, Decline, Peak or Trough.
Lastly select the moving average type to filter the result through to smoothen things out a bit
to find something that works for your strategy. This is useful as an entry/exit indicator along with other moving averages, or even just a standalone if you play with the settings enough.
(highest high - price) / (price - lowest low)
to feed into the the logic creating the dynamic length. Choose how the length curve works by selecting either Incline, Decline, Peak or Trough.
Lastly select the moving average type to filter the result through to smoothen things out a bit
to find something that works for your strategy. This is useful as an entry/exit indicator along with other moving averages, or even just a standalone if you play with the settings enough.
Notas de prensa
Overlay = TrueNotas de prensa
Cleaned up, fix chart imageNotas de prensa
Added more thorough explanation of how we arrive at the average. Added ability to change the coeficcient, in how different each step up/down will be
Added option to include the current, or former price in the averaging of the highest/lowest values
Script de código abierto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Script de código abierto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.