OPEN-SOURCE SCRIPT
Aktualisiert Non Adaptive Moving Average - Quan Dao
This Non-Adaptive Moving Average (NAMA) is my origin work. It came from the issues that I always face when using existing famous MA like EMA or RMA:
- What length should I choose for the MA for this security?
- Is there a length that works for multiple timeframes?
- Is there a length that works for multiple securities in multiple markets?
Choosing the right length for an MA is a tedious and boring work and is very subjective. One day in early 2023, I decided to create a new MA that will not be dependant a lot (non-adaptive) on the length of it, to make my life a little bit easier. The idea came from the formula of EMA and RMA:
ma = alpha * src + (1 - alpha) * ma[1]
in which,
alpha = 1 / length for RMA
alpha = 2 / (length + 1) for EMA
I decided to use a constant alpha for the formula, which happened to be: 1.618 / 100 (i.e., golden ratio / 100)
This NAMA is using the length in the start only, after running for a while the MA value will be the same for every value of its length, which resolves good my 3 questions above.
The application of this NAMA is wide, I think.
- It can be used like a normal MA but you don't have to choose its length anymore.
- It can be used like EMA in DEMA, TEMA (I called it DNAMA, TNAMA)
- It can be used in calculating some famous indicators (RSI, TR, ...) so that these indicators will not be dependant on the length as well
In this example script, I included an EMA (in blue color) as well so that you can see how the EMA changes and NAMA stays the same when changing the value of its Length.
- What length should I choose for the MA for this security?
- Is there a length that works for multiple timeframes?
- Is there a length that works for multiple securities in multiple markets?
Choosing the right length for an MA is a tedious and boring work and is very subjective. One day in early 2023, I decided to create a new MA that will not be dependant a lot (non-adaptive) on the length of it, to make my life a little bit easier. The idea came from the formula of EMA and RMA:
ma = alpha * src + (1 - alpha) * ma[1]
in which,
alpha = 1 / length for RMA
alpha = 2 / (length + 1) for EMA
I decided to use a constant alpha for the formula, which happened to be: 1.618 / 100 (i.e., golden ratio / 100)
This NAMA is using the length in the start only, after running for a while the MA value will be the same for every value of its length, which resolves good my 3 questions above.
The application of this NAMA is wide, I think.
- It can be used like a normal MA but you don't have to choose its length anymore.
- It can be used like EMA in DEMA, TEMA (I called it DNAMA, TNAMA)
- It can be used in calculating some famous indicators (RSI, TR, ...) so that these indicators will not be dependant on the length as well
In this example script, I included an EMA (in blue color) as well so that you can see how the EMA changes and NAMA stays the same when changing the value of its Length.
Versionshinweise
Update chart.Versionshinweise
Supported multi-timeframe now.Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.