OPEN-SOURCE SCRIPT
Fractal Adaptive Moving Average
stockspotter.com/Files/frama.pdf
stockspotter.com/Files/frama.pdf
stockspotter.com/Files/frama.pdf
Here we measure the "fractal dimension" in order to differentiate periods of consolidation and trend. The trendline will run relatively flat during ranging price movement and quickly follow trending price action.
stockspotter.com/Files/frama.pdf
stockspotter.com/Files/frama.pdf
Here we measure the "fractal dimension" in order to differentiate periods of consolidation and trend. The trendline will run relatively flat during ranging price movement and quickly follow trending price action.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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