OPEN-SOURCE SCRIPT
MAMA by EHLERS
MESA Adaptive Moving Average aka: Mother of Adaptive Moving Averages:
The MESA Adaptive Moving Average ( MAMA ) adapts to price movement in an
entirely new and unique way. The adapation is based on the rate change of phase as
measured by the Hilbert Transform Discriminator I have previously described.1
The advantage of this method of adaptation is that it features a fast attack average and a
slow decay average so that composite average rapidly ratchets behind price changes
and holds the average value until the next ratchet occurs. The action of MAMA is
shown in Figure 1. Since the average fallback is slow I can build trading systems that
are virtually free of whipsaw trades.
For detailed information of MAMA: (creators' PDF document)
mesasoftware.com/papers/MAMA.pdf
Long condition: when MAMA Crosses over FAMA (Following Adaptive Moving Average )
Short condition: when FAMA Crosses over MAMA
(Personally modified LazyBear's version which was originally calculated in degrees instead of radian by applying explanations in the MESA pdf https://document.http://www.mesasoftware.com/papers/MAMA.pdf)
Creator: John EHLERS
The MESA Adaptive Moving Average ( MAMA ) adapts to price movement in an
entirely new and unique way. The adapation is based on the rate change of phase as
measured by the Hilbert Transform Discriminator I have previously described.1
The advantage of this method of adaptation is that it features a fast attack average and a
slow decay average so that composite average rapidly ratchets behind price changes
and holds the average value until the next ratchet occurs. The action of MAMA is
shown in Figure 1. Since the average fallback is slow I can build trading systems that
are virtually free of whipsaw trades.
For detailed information of MAMA: (creators' PDF document)
mesasoftware.com/papers/MAMA.pdf
Long condition: when MAMA Crosses over FAMA (Following Adaptive Moving Average )
Short condition: when FAMA Crosses over MAMA
(Personally modified LazyBear's version which was originally calculated in degrees instead of radian by applying explanations in the MESA pdf https://document.http://www.mesasoftware.com/papers/MAMA.pdf)
Creator: John EHLERS
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.
Telegram t.me/AlgoRhytm
YouTube (Turkish): youtube.com/c/kivancozbilgic
YouTube (English): youtube.com/c/AlgoWorld
YouTube (Turkish): youtube.com/c/kivancozbilgic
YouTube (English): youtube.com/c/AlgoWorld
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.
Telegram t.me/AlgoRhytm
YouTube (Turkish): youtube.com/c/kivancozbilgic
YouTube (English): youtube.com/c/AlgoWorld
YouTube (Turkish): youtube.com/c/kivancozbilgic
YouTube (English): youtube.com/c/AlgoWorld
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.