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X4 Moving Average
The X4 Moving Averages (X4MA) indicator is designed to provide traders with an enhanced view of market trends by combining multiple dimensions of price data. Unlike traditional moving averages that rely solely on closing prices, X4MA integrates high, low, open, and close values for a more nuanced analysis of market movements.
1- High-Low Average (HLAvg):
Captures the market's range during a given period:
HLAvg = (High + Low) / 2
2- Open-Close Average (OCAvg):
Reflects the directional momentum of the price during the same period:
OCAvg = (Open + Close) / 2
3- Combined Average (CMA):
Combines the range (HLAvg) and momentum (OCAvg) for a balanced view of price behavior:
CMA = (HLAvg + OCAvg) / 2
4- Exponential Moving Average (X4MA):
Smooths the combined average using an EMA for better responsiveness to recent price changes while filtering noise:
X4MA = EMA(CMA, Length)
1- High-Low Average (HLAvg):
Captures the market's range during a given period:
HLAvg = (High + Low) / 2
2- Open-Close Average (OCAvg):
Reflects the directional momentum of the price during the same period:
OCAvg = (Open + Close) / 2
3- Combined Average (CMA):
Combines the range (HLAvg) and momentum (OCAvg) for a balanced view of price behavior:
CMA = (HLAvg + OCAvg) / 2
4- Exponential Moving Average (X4MA):
Smooths the combined average using an EMA for better responsiveness to recent price changes while filtering noise:
X4MA = EMA(CMA, Length)
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开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。