INVITE-ONLY SCRIPT
FROZONO
₣ⱤØⱫØ₦Ø indicator automatically adjust itself in relation to the speed of the market. Base on a Dynamic Formula, combining simple and exponential moving average with a filter that smooths the data to avoid whipsaws.
The Problem with Moving Averages
moving averages have many problems. In the first place, they are inappropriately applied. Moving averages in different periods operate with varying degrees in different markets. For example, how can one know when to use a 10-day to a 20- to a 50-day moving average in a fast or slow market? In order to solve the problem of choosing the right length of the moving average, ₣ⱤØⱫØ₦Ø was built to automatically adjust to the current speed of the market.
Moving averages failed to follow prices since large separations frequently exist between prices and moving average lines. He sought to eliminate these problems by inventing an indicator that would hug prices more closely, avoid price separation and whipsaws and follow prices automatically in fast or slow markets.
The Problem with Moving Averages
moving averages have many problems. In the first place, they are inappropriately applied. Moving averages in different periods operate with varying degrees in different markets. For example, how can one know when to use a 10-day to a 20- to a 50-day moving average in a fast or slow market? In order to solve the problem of choosing the right length of the moving average, ₣ⱤØⱫØ₦Ø was built to automatically adjust to the current speed of the market.
Moving averages failed to follow prices since large separations frequently exist between prices and moving average lines. He sought to eliminate these problems by inventing an indicator that would hug prices more closely, avoid price separation and whipsaws and follow prices automatically in fast or slow markets.
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Shenl0ng for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Want to use this script on a chart?
Warning: please read before requesting access.
Disclaimer
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.