OPEN-SOURCE SCRIPT
Trapezoidal Weighted Moving Average and Bollinger Bands
Updated
This weighting method linearly weights a percentage of values from both the beginning and the end of the rolling window in order to minimize the effect of outliers entering and leaving the window.
Release Notes
minor correctionOpen-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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