PROTECTED SOURCE SCRIPT
LineBreak Exponential Moving Average
Actualizado
There are two types of charts. Timed and timeless ones.
The classic (timed) trading chart is the one shown on the right.
After each period closes, a candle closes.
Time defines the progress of this chart.
Then there are timeless charts, as shown on the left.
A candle closes only after price reaches a target, based on rules.
Price defines the progress of this chart.
Japanese invented most timeless charts to filter volatility and improve the visibility of trend changes.
To achieve consistency between these two different worlds, a simple but very useful EMA was developed.
This indicator transforms the timeless linebreak chart into a timed one to calculate EMA.
In this way, we have consistent behavior as being in a timed chart. Identical MA crossings and support/resistance.
The use of EMA is well known. It is not some new concept that needs further explanation.
The interpretation of LineBreak EMA is the same as the interpretation of your daily EMA.
Tread lightly, for this is line-broken ground.
The classic (timed) trading chart is the one shown on the right.
After each period closes, a candle closes.
Time defines the progress of this chart.
Then there are timeless charts, as shown on the left.
A candle closes only after price reaches a target, based on rules.
Price defines the progress of this chart.
Japanese invented most timeless charts to filter volatility and improve the visibility of trend changes.
To achieve consistency between these two different worlds, a simple but very useful EMA was developed.
This indicator transforms the timeless linebreak chart into a timed one to calculate EMA.
In this way, we have consistent behavior as being in a timed chart. Identical MA crossings and support/resistance.
The use of EMA is well known. It is not some new concept that needs further explanation.
The interpretation of LineBreak EMA is the same as the interpretation of your daily EMA.
Tread lightly, for this is line-broken ground.
Notas de prensa
Minor consistency fixes.Notas de prensa
Fixes in lower timeframes.Notas de prensa
Changes in EMA calculation method.Script protegido
Este script se publica con código cerrado, pero puede utilizarlo libremente. Márquelo como favorito y podrá usarlo en un gráfico. El código fuente no se puede ver ni modificar.
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