OPEN-SOURCE SCRIPT

KAMA Fibonacci Bands [DW]

Updated

This study is an experimental combination of the Kaufman Adaptive Moving Average with ATR and Fibonacci percentages.

Release Notes

Minor, but important update:
Added an adjustable ATR multiplier parameter.

Release Notes

Updates:
After some careful review, I noticed the previous version was actually reflecting OHLC/4 SMA values, rather than KAMA values. This version actually reflects KAMA values.

ATR sampling period is now linked to the sampling period parameter.

Bar colors are now included. The color scheme is based on the direction of the KAMA.

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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DonovanWall

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