ACCUMULATION/DISTRIBUTION ADAPTIVE MOVING AVERAGE with FRACTAL DEVIATION BANDS Ver. 2.5 @ 16.09.2015 By Ricardo M Arjona @xel_arjona
DISCLAIMER:
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets.
The embedded code and ideas within this work are FREELY AND PUBLICLY available on the Web for NON LUCRATIVE ACTIVITIES and must remain as is.
Pine Script code MOD's and adaptations by @xel_arjona with special mention in regard of:
Buy (Bull) and Sell (Bear) "Power Balance Algorithm" by: Stocks & Commodities V. 21:10 (68-72): "Bull And Bear Balance Indicator by Vadim Gimelfarb"
Following a "Fractal Approach" now the lookback window is hardcode correlated with a given timeframe. (Default @ 126 days as Half a Year / 252 bars)
Clean and speed up of Adaptive Moving Average Algo.
Fractal Deviation Band Cloud coloring smoothed.
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ALL NEW IDEAS OR MODIFICATIONS to these indicator(s) are Welcome in favor to deploy a better and more accurate readings. I will be very glad to be notified at Twitter or TradingVew accounts at: @xel_arjona
Any important addition to this work MUST REMAIN PUBLIC by means of CreativeCommons CC & TradingView. Copyright 2015