OPEN-SOURCE SCRIPT
Modified Moving Average
Used for the same reasons as the typical moving average. The first point is equal to the SMA, but it uses a recursive approach to calculate all subsequent data points.
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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