In this study, reverse engineered levels are calculated and used to generate a index for VMA calculation.
First, price levels are calculated for when will equal 70 and 30. The difference between the levels is taken and normalized to create the index.
Next, an initial VMA is calculated using the created index. The moving average is an exponential calculation that adjusts the sampling length as changes.
Then, upper and lower VMAs are calculated by taking a VMA of prices above and below the initial VMA. The midline is produced by taking the median of the upper and lower VMAs.
Lastly, the band levels are calculated by multiplying the distance from the midline to the upper and lower VMAs by 1, 2, 3, 4, and 5.
Bar colors are included. They're based on the midline trend and price action relative to the upper and lower VMAs.
-> Migrated to v4.
-> Stability Fix: Added correction for NaN values to stabilize initial states.
-> Reorganized script structure
-> Updated style theme.
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Nello spirito di condivisione promosso da TradingView, l'autore (al quale vanno i nostri ringraziamenti) ha deciso di pubblicare questo script in modalità open-source, così che chiunque possa comprenderlo e testarlo. Puoi utilizzarlo gratuitamente, ma il riutilizzo del codice è subordinato al rispetto del Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.