Average Price Convergence QuantAlgo
- Indikatoren
- Krystof Zak
- Version: 1.0
This indicator generates a moving average that adjusts towards the price as a trend continues to form new higher-highs or lower-lows, based on the identified trend.
Settings
Length: Determines the initial smoothing factor of the moving average (2 / (Length + 1)), and also sets the period for calculating rolling maximums/minimums.
Increment: Controls the increment in smoothing factor (2 / (Increment + 1)) for each new higher-high or lower-low. Lower values result in a faster converging moving average.
Fast: Smoothing factor for the fast moving average.
Usage
The provided moving average can be applied similarly to most slow moving averages.
By having a moving average that converges closer to the price as a trend persists, traders can receive more timely crossover signals.
Impressive and unique, well thought out and executed, good features etc. Have not tested enough but seems will be useful to traders, nice indi!