Recent Distance Dynamic Average — Indicator by kaigouthro

This experimental moving average references the highest percent distance from source to historical output

The length is adapted by

- tightening as the source and output distance grow
- loosening when the output has caught up.

Can be used "indicator on indicator" as a smoother or stabilizer.

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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