OPEN-SOURCE SCRIPT
Alpha Max
Updated
Alphamax takes the power of the AlphaTrend indicator behind it, allowing signals to be received earlier without breaking the logic of AlphaTrend. It provides this with a kind of Moving Avera, which is done by a special calculation.
Configuration can be provided with the AlphaMax Length entry on the indicator. It is recommended to be used by optimizing especially for 15m and below timeframes.
Configuration can be provided with the AlphaMax Length entry on the indicator. It is recommended to be used by optimizing especially for 15m and below timeframes.
Release Notes
author developer updateOpen-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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