blackcat1402

[blackcat] L1 Buff Average

Level: 1

Background

This indicator buffs up your moving averages using the volume-weighting method presented in Buff Dormeier's article in 2001, "Buff Up Your Moving Averages." The weighting formula has been created as a function in pine script so that it can be referenced from any analysis technique or strategy. In addition, a simple two-line volume-weighted average indicator that references the function has also been included.


Function

The name of the volume-weighted average function is "BuffAverage()." The function has two inputs, price and length. The price input represents the price value upon which the average calculation is based. The length input represents the number of bars that are used in the calculation of the average. The two-line volume-weighted average indicator is presented. This indicator has three inputs. The price input represents the price value upon which the average calculation is based. The FastAvg input represents the number of bars to use in the fast volume-weighted average calculation. The SlowAvg input represents the number of bars to use in the slow volume-weighted average calculation. A simple alert criteria has also been included to provide an alert when the two lines cross.


Key Signal

FastBuff Line --> fast line in yellow;
SlowBuff Line --> slow line in fuchsia.


Remarks

This is a Level 1 free and open source indicator.

Feedbacks are appreciated.
开源脚本

本着真正的TradingView精神,该脚本的作者将其开源发布,因此交易者可以理解和验证它。为作者加油! 您可以免费使用它,但是在发布中重复使用此代码受网站规则的约束。您可以收藏它以在图表上使用。

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评论

great job as usual thanks a lot Sir !
+1 回复
blackcat1402 Cryp0Crypt0
@Cryp0Crypt0, thanks
回复
Cryp0Crypt0 blackcat1402
@blackcat1402, great job great person
+1 回复