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NeoButane
16 dic 2018 11:08

CWAP - Candle Close Weighted Average Price 

Descrizione

Variable EMA length based on candle closes.


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.
Commenti
danalec
how do you detect the reversal?
krisgodina
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
Thanks for your generous =D
ronyggg83
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
Thanks !!
TUSHG9
Can you make this blink indicator?
Delman
be nice to have a zero lag one as well.. :) appreciate though.
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