Ratio Smoothed, Volume Weighted Moving AverageThis is experimental moving average doesn't use a period/length but instead buffers the price per share and transfers that price per share at a given ratio per bar while also releasing the previous values at a decay ratio.
The idea is that volume is the engine by which the price moves but spikes in volume can cause noise. By having a buffer of price per share units, this VWMA style indicator can behave more like a WMA combined with volume (VAWMA) but smooths out the noise of recent volume. The end result is a price movement that is smooth but also still based strongly up on the average price per share and will always eventually catch up to the true price per share value.
A metaphor to understand this could be a bucket with a hole in it where water is flowing sporadically into the bucket. The level of water in the bucket may change drastically but instead of all the water emptying out immediately, it is throttled by the hole in the bottom. As the level rises, the water pressure increases and the flow increases so that the virtual bucket never has a chance to fill up but also never really empties either.
Vawma
MovingAveragesLibrary "MovingAverages"
Contains utilities for generating moving average values including getting a moving average by name and a function for generating a Volume-Adjusted WMA.
vawma(len, src, volumeDefault) VAWMA = VWMA and WMA combined. Simply put, this attempts to determine the average price per share over time weighted heavier for recent values. Uses a triangular algorithm to taper off values in the past (same as WMA does).
Parameters:
len : The number of bars to measure with.
src : The series to measure from. Default is 'hlc3'.
volumeDefault : The default value to use when a chart has no (N/A) volume.
Returns: The volume adjusted triangular weighted moving average of the series.
getMA(mode, len, src) Generates a moving average based upon a 'mode'.
Parameters:
mode : The type of moving average to generate. Values allowed are: SMA, EMA, WMA, VWMA and VAWMA.
len : The number of bars to measure with.
src : The series to measure from. Default is 'close'.
Returns: The volume adjusted triangular weighted moving average of the series.
SuperTrend+ DuoUses two SuperTrend+ indicators to signal when a change in trend is confirmed.
By using a minor trend within the major, a pullback after a turning point can signal a more optimal entry.
See SuperTrend+ for more details.
SuperTrend+Based upon popular SuperTrend (AKA: ATR Trailing Stop) indicator with the following differences and improvements:
Defaults to using Volume-Adjusted WMA ( VAWMA ) for ATR. (Can still be configured to behave exactly like classic SuperTrend.)
Can use SMA, EMA, WMA, VWMA, and VAWMA instead of just SMA.
Confirmation close bars for avoiding false breaks.
Details:
If the confirmation closing bars value is greater than zero (default of two bars), the trend will only reverse if the price closes outside the boundary for that number of bars (does not need to be consecutive) or if the opposite side of the bar exceeds the boundary.
The confirmation bar count will reset if the trend has resumed (opposite boundary is broken).
Confirmation examples:
In a down-trend, but the previous two bars close above the boundary.
In a down-trend, but the low of the previous bar exceeds the boundary.
In a down-trend, but the high of the previous bar exceeds the boundary when confirmation bars are set to zero.
Moving Average Weighted, Volume AdjustedVAWMA = VWMA and WMA combined.
Simply put, this attempts to determine the average price per share over time, weighted heavier for recent values.
Uses triangular algorithm to taper off values in the past (same as WMA does).
Why use this?
Let's say the earliest bar of the VWMA has a huge amount of volume. That means that when the next bar arrives, there will be an abrupt change in the moving average that doesn't represent the current value properly. VAWMA eliminates this problem by triangular weighting each bar.
