Efficiency-Ratio-Adaptive EMA [Loxx]

19 ก.ค. 2022

Efficiency ratio was invented by Perry Kaufman as a measure of volatility and as a way of making some calculations adaptive. In his adaptive moving average he uses 3 periods for calculation which makes it a bit "cryptic" and, by all means, not so simple to use. This version is simplifying the whole thing without an intention to clone the KAMA indicator--but with the intention to use the efficiency ratio for adapting the average calculations and to use only two parameters for that:

• period
  
• price
  

Included:

• Bar coloring