Duyck

ADX weighted ma

1921 visitas
183
As the first in a series of weighted moving averages I propose I present to you the ADX Weighted Moving Average .


The ADX Weighted Moving Average (ADXwma) calculates the average price over a certain period,
contrary to the well known Volume weighted ma, it is weighted by the ADX value,
the ADX value gives an indication of the "strength" of the market.

In this indicator the ADX is factored in to calculate the ma behaviour, meaning the stronger the market, the more price is factored in,
while price moves with a weak market are not as impactfull.

Feel free to experiment!!!

If you use the ADXwma in your scripts or your work, a shoutout would be nice!!

Gr , JD .

#NotTradingAdvice #DYOR
Script de código abierto

Siguiendo el verdadero espíritu de TradingView, el autor de este script lo ha publicado en código abierto, para que los traders puedan entenderlo y verificarlo. ¡Un hurra por el autor! Puede utilizarlo de forma gratuita, aunque si vuelve a utilizar este código en una publicación, debe cumplir con las Normas internas. Puede agregar este script a sus favoritos y usarlo en el gráfico.

¿Quiere utilizar este script en un gráfico?
Disclaimer.
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
JD.

You can contact me for info/access in PM or on Telegram: @jduyck
PLS, DON'T ASK FOR ACCESS IN THE COMMENT SECTION!