Ignore the other one (it contains some errors).
On this FRAMA you can play with length, SC and FC.
Just read on below links to understand more about this super useful moving average:
On this FRAMA you can play with length, SC and FC.
Just read on below links to understand more about this super useful moving average:
//@version=2 study("Fractal Adaptive Moving Average",shorttitle="FRAMA",overlay=true) price = input(hl2) len = input(defval=16,minval=1) FC = input(defval=1,minval=1) SC = input(defval=198,minval=1) len1 = len/2 w = log(2/(SC+1)) H1 = highest(high,len1) L1 = lowest(low,len1) N1 = (H1-L1)/len1 H2 = highest(high,len)[len1] L2 = lowest(low,len)[len1] N2 = (H2-L2)/len1 H3 = highest(high,len) L3 = lowest(low,len) N3 = (H3-L3)/len dimen1 = (log(N1+N2)-log(N3))/log(2) dimen = iff(N1>0 and N2>0 and N3>0,dimen1,nz(dimen1[1])) alpha1 = exp(w*(dimen-1)) oldalpha = alpha1>1?1:(alpha1<0.01?0.01:alpha1) oldN = (2-oldalpha)/oldalpha N = (((SC-FC)*(oldN-1))/(SC-1))+FC alpha_ = 2/(N+1) alpha = alpha_<2/(SC+1)?2/(SC+1):(alpha_>1?1:alpha_) out = (1-alpha)*nz(out[1]) + alpha*price plot(out,title="FRAMA",color=blue,transp=0)