OPEN-SOURCE SCRIPT
Corrected Moving Average
This moving average was originally developed by professor Andreas Uhl in 2005 (The paper in German: buero-uhl.de/data/cma.pdf). Here is the guy himself: wavelab.at/member-uhl.shtml
The strength of the CMA is that the current value of the time series must exceed the current volatility-dependent threshold, so that the filter increases or falls, avoiding false signals in weak phases.
The straight line of CMA can be used for a ranging market identification
The strength of the CMA is that the current value of the time series must exceed the current volatility-dependent threshold, so that the filter increases or falls, avoiding false signals in weak phases.
The straight line of CMA can be used for a ranging market identification
Freelance -> Telegram: @alex_everget
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bit.ly/2S7EPuN
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A list of FREE indicators:
bit.ly/2S7EPuN
A list of PAID indicators:
bit.ly/33MA81f
Earn $15:
tradingview.com/pricing/?share_your_love=everget
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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