OPEN-SOURCE SCRIPT
Log Smoothed Moving Average
Updated
This indicator has two features that make it better than standard SMMA for cryptocurrencies:
- starts from the very first candle
- calculations are performed in log-space which means less sensitivity to extreme volatility common in crypto world
- starts from the very first candle
- calculations are performed in log-space which means less sensitivity to extreme volatility common in crypto world
Release Notes
drop 1st candle for stability in the beginningOpen-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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