RedK Slow_Smooth Average (RSS_WMA)

RedK Slow Smooth Average (RSS_WMA) is based on simple, multi-WMA passes to generate a moving average that sacrifices low-lag and fast responsiveness for the sake of smoothness.

This smoothness enables an increased trader ability to visualize and track longer-term trends and removes the noise of smaller, relatively insignificant price fluctuations.

* RSS_WMA is deliberately built to be a "lazy line" - and it works in a different way to other common moving averages that attempt to achieve less lag and quicker responsiveness - the idea and the use scenario is to act as a "smooth base" when used against a faster moving average like the v_Wave of the Co_Ra Wave

* Note that the settings of this line is "Smoothness' and not "length" - the initial length used for the first WMA pass calculation is 1/3 of that smoothness value selected in the settings

* Increments in the combined smoothness value will be allocated first to 1st WMA pass, then 2nd WMA pass, then 3rd pass consecutively then back to 1st pass.

* because we utilize 3 WMA passes, a settings below 3 will have no effect on the line and it will just track the "source" price.

Suggested Use:
- Use RSS_WMA when you're looking for a smooth moving average that can help you analyze you chart at a broader / macro level, visualize the broader price action patterns and filter out the noise from short-term moves. you can also use this line to help set your position exits since only major and persistent moves will cause this line, as lay as it is, to swing from one direction to the other.

How does RSS_WMA compare?
here's a quick view of how the RSS_WMA compared to other commonly used Moving Averages, including my recently published CoRa_Wave

Code is commented - please feel free to use and customize further - please share a comment if you found this useful in your chart analysis or trading.
เอกสารเผยแพร่: - Updating chart
เอกสารเผยแพร่: RSS_WMA v2 adds a Swing Up / Down visual signal when a change in trend direction is detected
- the signal will be off by default. enable in settings
- in real time, these swing signals will only plot **after** the current bar closes. that's the preferred behavior for most traders, but can be changed in the code (should we make that a user option ?)

เอกสารเผยแพร่: - This is a quick fix for the approach used to get the swing signal location, so it's not tied to a "price" data series
- this works best for scenarios where RSS_WMA is used on top of other plots

จากใจ TradingView ผู้เขียนสคริปต์นี้ได้เผยแพร่เป็นโอเพนซอร์ส เพื่อให้ผู้ค้าสามารถเข้าใจและตรวจสอบได้ ยินดีด้วย! คุณสามารถใช้มันได้ฟรี แต่การใช้โค๊ดนี้ซ้ำเพื่อการเผยเเพร่ อยู่ภายใต้ กฎของเรา คุณสามารถตั้งเป็นรายการโปรดเพื่อใช้กับชาร์ตได้



500 เหรียญ
+6 ตอบกลับ
Awesome Bro -- ++100 for u from my side
100 เหรียญ
RedKTrader niftynag
@niftynag, hey, thank you :)

This is a very good indicator. Just curious how to set the ALARM for Swing Up and Swing Low.

+6 ตอบกลับ
You're the moving average king 👑
I was curious so I made a band with a VWMA version (purple)
+6 ตอบกลับ
RedKTrader AtomOfScent
@AtomOfScent, nice work .. that's exactly how i thought this can be used 👍
+3 ตอบกลับ
AtomOfScent RedKTrader
@RedKTrader, Could be useful for sure. I did some very simple backtesting of a CRWMA/LazyLine cross (same lengths) and a volume weighted LazyLine seems more profitable. I adjusted the length to compensate but the advantage remained. When there's high volume I guess it makes sense for it to become less lazy

I tried making a LazyLine with a weighted-VWMA (purple) instead of WMA and the result was extremely close. The wvwma is a bit faster during trends and the original a bit faster while ranging.
+5 ตอบกลับ
naba_naif AtomOfScent
@AtomOfScent, its true @Redktrader , he is the king of ma chart .
RedKTrader naba_naif
@naba_naif, 😃
+1 ตอบกลับ
darkerthanblue AtomOfScent
@AtomOfScent, Your mod looks awesome friend. Could you provide me with the coding? :) Thanks