blackcat1402

[blackcat] L1 Tim Tillson IE/2

Level: 1

Background

Before this script, I cannot find a IE /2 moving average script in tradingview. Although it is not so complex, it is meaningful to be the 1st Tim Tilson IE /2 script in tradingview community. IE /2 moving average was disclosed in "Smoothin Techniques For More Accurate Signals", Tim Tilson, S&C Magazine, Traders Tips, 01 /1998.


Function

IE /2 is one of pre-studies created while T3 famous average was developing. It is calculated as (ILRS(n)+EPMA(n))/2. ILRS, is an integral of linear regression slope. In this moving average, the slope of a linear regression line is simply integrated as it is fitted in a moving window of length n across the data. The derivative of ILRS is the linear regression slope.EPMA is an end point moving average - it is the endpoint of the linear regression line of length n as it is fitted across the data. EPMA hugs the data more closely than a simple or exponential moving average of the same length.

The most popular method of interpreting a moving average is to compare the relationship between a moving average of the security's price with the security's price itself (or between several moving averages).


Inputs

Price --> price data to use
Period --> number of bars to use in calculation

Key Signal

Price --> Price Input.
IE /2 --> IE /2 Ouput.

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。

想在图表上使用此脚本?
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