Fractal Adaptive Moving Average Bands [DW]This is an experimental variation of Bollinger Bands using a Fractal Adaptive Moving Average as the band source, then smoothed using the McGinley Dynamic formula.
McGinley Dynamic
Chaos 2.0This is pure chaos!
I just wanted 1 thing I can put on a chart to try to get a clearer picture of what is going on (and not take up all the indicator spaces a free user is allowed haha)
Many things going on from so many different users
honestly I'm sorry I cant shout out everyone whose code I have ever read and used in another project just for the sake of learning more about pinescript!
As a way of shouting everyone out! (and giving out my most useful and configurable system)
I give you... CHAOS
I originally got an Alligator, AO, and Fractal script from a user ChaosTrader, then realized I love using averages!
I added the MESA (lazybear?) and the McGinley Dynamic Range (sry idk) and a simple 233 SMA.
I also found about something called the www.prorealcode.com another user had created for Pinescript.
I really liked that script so I adapted it to do the same kind of signal printing for circles and squares (crosses and series)
Check it out tell me what you think and how I can make it better for everyone!
thanks all!
Snoop
McGinley Dynamic AverageUnlike moving averages such as Simple Moving Average or Exponential Moving Average, McGinley Dynamic avoids of most whipsaws and it rapidly moves up or down according to a quickly changing market. It needs no adjusting because it is dynamic and it adjusts itself.
McGinley Dynamic with FRACTAL DEVIATION BANDS by @XeL_ArjonaMcGINLEY DYNAMIC with FRACTAL DEVIATION BANDS.
Ver. 1.0.beta.25.08.2015
By Ricardo M Arjona @XeL_Arjona
DISCLAIMER
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets. -- The embedded code and ideas within this work are FREELY AND PUBLICLY available on the Web for NON LUCRATIVE ACTIVITIES and must remain as is.
WHAT IS THIS?
This is my first adaptation of the FRACTAL DEVIATION BANDS to the "McGinley Dynamic Line". Be advised that the nature of this line tend to need some adjustments at the "Smooth Factor" if you see a flat line with tiny values.
Pine Script code MOD's and adaptations by @XeL_Arjona with special mention in regard of:
Morphic Numbers: (PHI & Plastic) Pine Script adaptation from it's algebraic generation formulas by @XeL_Arjona.
FRACTAL DEVIATION BANDS: main idea by @XeL_Arjona
ALL NEW IDEAS OR MODIFICATIONS to these indicator(s) are Welcome in favor to deploy a better and more accurate readings. I will be very glad to be notified at Twitter or TradingVew accounts at: @XeL_Arjona. Any important addition to this work MUST REMAIN PUBLIC by means of CreativeCommons CC & TradingView.
2015
