OPEN-SOURCE SCRIPT
Updated KAMA: Kaufman Adaptive Moving Average x2/Log
Calculation begins at the beginning of the bar, eliminating incorrect moving average weighting at the very beginning of the ticker you're watching. This is important for new stocks, futures, altcoins, etc.
The inputs for the fast/slow alphas are now normal integers, with the calculation (2 / (y + 1)) for alpha added after input.
Comes with two moving averages and a setting for geometric mean/log. Source is adjustable but using the close works best, especially with how this particular MA is calculated in the first place. Besides that, this is mostly the same as other KAMAs on TradingView, but I'd like to say I put a bit more care into this one.
It is important to know that the acceptable length for KAMA is within the boundaries of the alpha lengths. For example, the default lengths are 2 and 30 for alpha, so the acceptable length for KAMA is within 2-30.
stockcharts.com/school/doku.php?id=chart_school:technical_indicators:kaufman_s_adaptive_moving_average
technicalindicators.net/indicators-technical-analysis/152-kama-kaufman-adaptive-moving-average
The inputs for the fast/slow alphas are now normal integers, with the calculation (2 / (y + 1)) for alpha added after input.
Comes with two moving averages and a setting for geometric mean/log. Source is adjustable but using the close works best, especially with how this particular MA is calculated in the first place. Besides that, this is mostly the same as other KAMAs on TradingView, but I'd like to say I put a bit more care into this one.
It is important to know that the acceptable length for KAMA is within the boundaries of the alpha lengths. For example, the default lengths are 2 and 30 for alpha, so the acceptable length for KAMA is within 2-30.
stockcharts.com/school/doku.php?id=chart_school:technical_indicators:kaufman_s_adaptive_moving_average
technicalindicators.net/indicators-technical-analysis/152-kama-kaufman-adaptive-moving-average
Release Notes
Added custom resolution, labels for % away from KAMARelease Notes
Added toggle option for background fill on crossovers/unders. Removed "percent away from KAMA" option. Re-added the ability to change the second KAMA's fast/slow alpha.Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
My published indicators: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
My published indicators: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.