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Weightedmovingaverage

The V_Wave: Volatility Adaptive Moving AverageThis is work in progress - but i wanted to see if there's interest to use or test it - or if someone finds it useful. there's already a crowd of great moving averages out there :) This is a different type of zero-lag weighted moving average - and it's a concept that i have been working on for a while now. Given that this is WIP, i decided to keep the code protected for now. The idea is to create a moving average that responds faster to the changes in the underlying data - which is the case with other zero-lag moving averages - but in this case, i also wanted to make it adaptive, so it accelerate when the volatility increases and at the same time, maintain limited lag and reasonable smoothing, even at longer length. How Does it Compare to other MA's ============================== in the chart, we can see a comparison between the V_Wave (thick yellow line) and the 3 common MAs, Hull Moving Average (HMA, aqua), a Weighted Moving Average (WMA, brown) and an Exponential Moving Average (EMA, grey) the most important advantage in V_Wave, is because of the way the algorithm works, and that it maintains direct association with the underlying data and the given length, the V_Wave will have less overshoot when compared to other moving averages - i.e, it stays closer to the underlying data points at times of quick reversals or big changes - like the V reversal on the right of the chart. You can also test it against other MAs you may be already using and share your findings back with me. settings: ========= - the settings provide the ability to choose the source data (close vs hl2, ..etc), the length, and the ability to adjust the "aggressiveness" of the line (Accelerator) .. - this accelerator is the factor that tells the V_Wave how fast to respond to the volatility changes. when you increase the accelerator, the V_Wave is more aggressive, and will respond faster to changes in volatility -- it becomes more responsive to changes in the trend, but that will sacrifice the smoothness of the line. - i capped this value to 7, because beyond that, the accelerator will have a diminished effect. - Also note that due to association with volatility, the V_Wave will behave differently at lower time frames -- and becomes closer to an EMA but better (in responsiveness) than a WMA. - the smoothing is built-in for now, and will adjust based on the length, in a way similar to how HMA smoothing works (see my previous post on Evolving the Zero Lag MA for details on that) - in future versions, i may make it a manual entry or a selection between manual/automatic Usage: ======= Use the V_Wave as you use other moving averages - once you get to know how it behaves and adapts to underlying data changes. you can use it as a filter to generate signals once it crosses other MAs, or another V_Wave of a different length / acceleration. will be great if you share your test results and your use cases to help me improve how the V_Wave works. best of luck!
Pine Script® indicator
by RedKTrader
2
CryptoBandsGuru MultiColor Bollinger BandsHere are my Bollinger Bands that come with 2 std dev bands and a variety of moving averages. The bands can have shading between the bands and the middle section can be shaded. Moving Averages include: SMA EMA Weighted Hull Symmetrical Volume Weighted Wilder Right now my 2 favorites are the Hull with a std dev of .5 and the Wilder with a std dev of 1.7 and 2.0. You can get some really good signals buy putting both on the same chart. The faster Hull will move above and below the slower Wilder and show good price action.
Pine Script® indicator
by GoldBands
2