Current candle is greater/lesser than previous candle close[x] in successive periods = add to the length
In the case of reversals, price tends to spike up, retrace, then reverse. In that event, the EMA resets length to catch up before a full reversal occurs.
When price moves uniformly in one direction, the EMA length increases excessively to prevent chop.
Similar to a McGinley Dynamic, except weight isn't give to a particular direction.
Really appreciate the sharing of this indicator, thanks. I'd like to create a CWAP like this in excel. Any chance of sharing the source code? Cheers!
ICEKI
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Thanks for your generous =D
ronyggg83
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Hello, nice to greet you, thank you very much for the contribution, I wanted to ask you if you could share the equation of the cwap, only that, not the code.
Greetings and thanks once again!
puapua
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Thanks !!
TUSHG9
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Can you make this blink indicator?
Delman
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be nice to have a zero lag one as well.. :) appreciate though.