OPEN-SOURCE SCRIPT
Updated Variable Index Dynamic Average System
Variable Index Dynamic Average System indicator script based on the original version by Tushar Chande.
I have try to make a "system" with it, just for fun but it can be usefull on alt coins for example.
The indicator is compose of 3 VIDYA 14 peridod, 14*2 and 14*4. and 2 gray line (it's the difference between the fist VIDYA and the higher VIDYA.
With this you can see if we are in a trend, in range, defind level of entry, TP... just be sure feed correctly the indicator with the good TF.
Thanks to everget for his orginal code that you can find here :
I have try to make a "system" with it, just for fun but it can be usefull on alt coins for example.
The indicator is compose of 3 VIDYA 14 peridod, 14*2 and 14*4. and 2 gray line (it's the difference between the fist VIDYA and the higher VIDYA.
With this you can see if we are in a trend, in range, defind level of entry, TP... just be sure feed correctly the indicator with the good TF.
Thanks to everget for his orginal code that you can find here :
Release Notes
correct error on color changeOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.