PROTECTED SOURCE SCRIPT
X3 Absolute Moving Average
The X3 Absolute Moving Average (X3AMA) is a powerful and versatile trend-following indicator built on a combination of Fibonacci-based moving averages and advanced smoothing techniques. This tool is designed to help traders identify and act on market trends with greater precision.
Logic Behind the Indicator:
Fibonacci Midline Source:
The script calculates a dynamic midline by averaging 15 Fibonacci-based exponential moving averages (EMAs) of high and low prices.
Triple Smoothing:
The calculated midline serves as the base data for further trend analysis.
Three levels of smoothing are applied using adjustable moving average methods (e.g., EMA, SMA, RMA) to reduce noise and provide a clean representation of the trend.
Dynamic Gradient Fill:
The area between the Primary Trend Line (fast) and the Secondary Trend Line (slow) is shaded with a gradient fill.
The gradient dynamically transitions between the primary and secondary trend colors, offering a visual representation of trend strength and direction.
Key Features:
Primary Trend Line: Represents short-term trend direction and momentum.
Secondary Trend Line: Captures the longer-term trend for broader market context.
Gradient Fill: Enhances visual interpretation of the trend's strength and alignment.
Customizable Settings:
Adjustable smoothing lengths and methods.
Configurable colors for trend lines and gradient fill.
Timeframe flexibility for the Fibonacci midline.
How to Use:
Trend Identification:
Use crossovers between the Primary and Secondary Trend Lines to identify potential trend reversals.
Observe the gradient fill to assess the strength of the current trend.
Customization:
Adjust the smoothing lengths and moving average methods to align with your trading strategy.
Modify the gradient and trendline colors for better visual clarity.
Disclaimer:
This indicator is a powerful tool for analyzing trends, but it should not be used in isolation. Always complement it with other technical analysis tools and risk management strategies.
Logic Behind the Indicator:
Fibonacci Midline Source:
The script calculates a dynamic midline by averaging 15 Fibonacci-based exponential moving averages (EMAs) of high and low prices.
Triple Smoothing:
The calculated midline serves as the base data for further trend analysis.
Three levels of smoothing are applied using adjustable moving average methods (e.g., EMA, SMA, RMA) to reduce noise and provide a clean representation of the trend.
Dynamic Gradient Fill:
The area between the Primary Trend Line (fast) and the Secondary Trend Line (slow) is shaded with a gradient fill.
The gradient dynamically transitions between the primary and secondary trend colors, offering a visual representation of trend strength and direction.
Key Features:
Primary Trend Line: Represents short-term trend direction and momentum.
Secondary Trend Line: Captures the longer-term trend for broader market context.
Gradient Fill: Enhances visual interpretation of the trend's strength and alignment.
Customizable Settings:
Adjustable smoothing lengths and methods.
Configurable colors for trend lines and gradient fill.
Timeframe flexibility for the Fibonacci midline.
How to Use:
Trend Identification:
Use crossovers between the Primary and Secondary Trend Lines to identify potential trend reversals.
Observe the gradient fill to assess the strength of the current trend.
Customization:
Adjust the smoothing lengths and moving average methods to align with your trading strategy.
Modify the gradient and trendline colors for better visual clarity.
Disclaimer:
This indicator is a powerful tool for analyzing trends, but it should not be used in isolation. Always complement it with other technical analysis tools and risk management strategies.
Script protetto
Questo script è pubblicato con codice protetto, ma puoi comunque usarlo gratuitamente. Mettendolo tra i preferiti potrai applicarlo al grafico, senza però la possibilità di visualizzare o modificare il codice sorgente.
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