This script is an accumulation of DSMA (Deviation Scaled Moving Averages) made into a guppy. Special thanks to Chuckbanger for the original DSMA script. Originally invented by John Ehlers.
The DSMA can be useful in determining tren vs consolidation, as the DSMA lines will be flat amidst consolidation/chop with minimal lag, adapting to volatility. The plots have a color highlight for when price is above/below, as well as a background color "bias" to assist in knowing the trend at a glance.
This script starts the period length at 9 and ranges to 200, by default.
Please DM me for trial/access.
Thanks!
The DSMA can be useful in determining tren vs consolidation, as the DSMA lines will be flat amidst consolidation/chop with minimal lag, adapting to volatility. The plots have a color highlight for when price is above/below, as well as a background color "bias" to assist in knowing the trend at a glance.
This script starts the period length at 9 and ranges to 200, by default.
Please DM me for trial/access.
Thanks!