This indicator is a functional enhancement to John Bollinger's Bollinger Bands. I've used Volume to adapt dynamic length which is used in basis (middle line) of Bollinger Bands and Simple Moving Average is replaced with Adaptive Ehlers Deviation Scaled Moving Average ( AEDSMA ). BOLLINGER BANDS BASIC USAGE AND LIMITATIONS Bollinger bands are popular among...
Speculation Ratio Territory It is used to find the Index Top or Bottom which will define the buying and selling zone. It should be checked on a weekly chart. Example : As Nifty Trades around 248 days in a year. So, 248/2 = 124 Now Use 124 DSMA on weekly chart. Suppose Nifty 124 DSMA is @16000 and Current Market Price is 16500, then SRT = 16500/16000 =...
I was looking for a DSMA and couldn't find one, so I created . This code is very simple and so I hope this is helpful to beginners to creating new code.
Ehlers Deviation-Scaled Moving Average indicator script. This indicator was originally developed by John F. Ehlers (Stocks & Commodities V. 36:8: The Deviation-Scaled Moving Average).