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OPEN-SOURCE SCRIPT

Pips-Stepped PDFMA [Loxx]

By loxx
Updated
Pips-Stepped PDFMA [Loxx] is and Pips-stepped moving average that uses a probability density function moving average. This is tuned for Forex. You must adjust the step size to extreme levels for this to work for crypto or stocks. Try 30000 for BTC on the daily chart, for example.

What is Probability Density Function?
Probability density function based MA is a sort of weighted moving average that uses probability density function to calculate the weights.

Included:
  • Bar coloring
  • Alerts
  • Expanded source types
  • Signals
  • Flat-level coloring for scalping
Release Notes
Code clean up.
Release Notes
Code clean up
Release Notes
Input updates
adaptivepdfmapipssteppedprobabilitydensityfunctionscalpingsteppedsteppingTrend Analysis

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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loxx
Public Telegram Group, t.me/algxtrading_public

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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.