MayerMultiple Stochastic — Indicator by accerqueira

oscillator bitcoin btc tracemayer mayermultiple

This is an stochastic chart of Price adjusted Mayer Multiple Average Delta.

Moving Average Function can be selected from a list with standard functions and following experimental extras:
- Volume Weighted Exponential Moving Average
- Volume Weighted Time Decayed Moving Average // similar to vwema, but alpha is calculated from length as half-life decay function (not sure if I got that right...)

Default MA function is sma, to keep it true to the original MM indicator, but I think VWEMA and VWTDMA may perform better with exponential nature of

BTCUSD .

See also:

Suggestions and bug reports are welcome =)

Release Notes:

Use same aggregate function on Mayer Multiple Average for consistency

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

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