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OPEN-SOURCE SCRIPT
Updated

Cong Adaptive Moving Average

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Dr. Scott Cong's new adaptation of an adaptive moving average (AMA), featured in TASC March 2023.

It adjusts its parameters automatically according to the volatility of market, tracking price closely in trending movement, staying flat in congestion areas.

Perry Kaufman’s adaptive moving average, first described in his 1995 book Smarter Trading, is a great example of how an AMA can self-adjust to adapt to changing environments. This indicator presents a new scheme for an adaptive moving average that is responsive, smooth, and robust.
Release Notes
Minor amendments

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.

Forex_Station_Centaur
Fractal Adaptive Moving Average (FRAMA)Kaufman's Adaptive Moving Average (KAMA)

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.
Fractal Adaptive Moving Average (FRAMA)Kaufman's Adaptive Moving Average (KAMA)

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.

Forex_Station_Centaur

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.