An overlay indicator that draws a variable index dynamic average, a moving average whose smoothing responds to a momentum measure, coloured by trend direction with an optional shadow.
1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Bands sit above and below it at a distance factor set by ATR. It also marks pivot-based liquidity lines with volume labels. Inputs set the length, momentum period and band distance factor. Based on work credited to BigBeluga, with Spanish labels.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Shadow
bool
true
show_vVidya_shadow
Longitud
int
10
vVidya_length
Momentum
int
20
vVidya_momentum
Factor de distancia entre bandas
float
2
vVidya_band_distance
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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