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RicardoSantos

[RS]Normalized Moving Average V0

RicardoSantos Wizard Updated   
Moving Averages Donchian Channels (DC) experimental moving average price
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movingaverage donchianchannels experimental moving average price
Experimental: using extreme donchians average to normalize price value.
method for Double Normalized MA also on the code:
NMA(NMA1, NMA2, LENGTH)
Release Notes:
A normalized moving average function, in this indicator the Norm.MA function is used to create bands to recognize overbought and oversold areas and identify possible entry points.
Its possible to customize timeframe, length and input series from the settings.
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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