OPEN-SOURCE SCRIPT
3MA'S + KAMA Trend (20EMA,50MA,200MA + KAMA Trend)
Updated
This indicator, combines the traditional FOREX moving averages (20EMA, 50ma, 200ma) into a single indicator with
an adaptive moving average (AMA) taken from a user defined timeframe to show trend direction (by default, it plots
the daily 10/2/34 KAMA overlayed on any timeframe chart.
An AMA moves slowly when markets are sideways but swiftly during periods of volatility as a result it reacts much fast than
traditional options for moving average trends.
If the price is above the KAMA, trend is up. Below the KAMA, trend is down.
an adaptive moving average (AMA) taken from a user defined timeframe to show trend direction (by default, it plots
the daily 10/2/34 KAMA overlayed on any timeframe chart.
An AMA moves slowly when markets are sideways but swiftly during periods of volatility as a result it reacts much fast than
traditional options for moving average trends.
If the price is above the KAMA, trend is up. Below the KAMA, trend is down.
Release Notes
*** 06-21-2020 Version 2 released - includes the KAMA cross strategy by default
- Bit of Menu organisation
- Default KAMA Cross strategy is 10/2/34 - 4hr KAMA crossing the 10/5/34 - 1D Kama
Release Notes
New Chart View - Please note I disabled the 20/50/200ma for this screenshot to highlight the KAMA strategy.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.
Markets are never wrong, but opinions often are...
Jesse Livermore
Jesse Livermore
Disclaimer
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