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OPEN-SOURCE SCRIPT

Disparity Index [DW]

By DonovanWall
Wizard
Updated
This is an iteration of Steve Nison's Disparity Index that includes 5 different moving average types to choose from.
Release Notes
Updates:
Expanded the available moving average types. The available moving averages now in this script are:
-Exponential Moving Average
-Simple Moving Average
-Smoothed Moving Average
-Weighted Moving Average
-Volume Weighted Moving Average
-Arnaud Legoux Moving Average
-Hull Moving Average
-Least Squares Moving Average
-Coefficient of Variation Weighted Moving Average
-Fractal Adaptive Moving Average
-Kaufman's Adaptive Moving Average

Bar colors are now included. The color scheme is based on the direction of the Disparity Index.
Release Notes
Updates:

Expanded the list of filter types available for disparity measurement.
The available filters in this script are now:
-> Exponential Moving Average
-> Simple Moving Average
-> Smoothed Moving Average
-> Weighted Moving Average
-> Volume Weighted Moving Average
-> Arnaud Legoux Moving Average
-> Least Squares Moving Average
-> Hull Moving Average
-> Coefficient of Variation Weighted Moving Average
-> Fractal Adaptive Moving Average
-> Kaufman's Adaptive Moving Average
-> McGinley Dynamic
-> Moving 50th Percentile
-> Moving Median

Filter type is now selected via an easy to use dropdown menu.

Index is now plotted as columns.

Color scheme has been slightly enhanced.
almaCentered OscillatorscovwmadisparityindexLeast Squares Moving Average (LSMA)McGinley DynamicOscillatorsTrend 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.

Want to use this script on a chart?

DonovanWall
Wizard
For my full list of premium tools, check the blog:
wallanalytics.com/

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t.me/DonovanWall
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