This charts an indicator created by Trace Mayer with some extras.
Plots: - Mayer Multiple (may be hard to notice, since it overlays by default and stay at the bottom...) - Price adjusted by Mayer Multiple Average with Bollinger Bands
Moving Average Function can be selected from a list with standard functions and following experimental extras: - Volume Weighted Exponential Moving Average [ema(x*v, y) / ema(v, y)] - Volume Weighted Time Decayed Moving Average // similar to vwema, but alpha is calculated from length as half-life decay function (not sure if I got that right...)
Default MA function is sma, to keep it true to the original MM indicator, but I think VWEMA and VWTDMA may perform better with exponential nature of Bitcoin.
Suggestions and bug reports are welcome =)
Catatan Rilis
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- Adjusted default std deviation length - Use same aggregate function on Mayer Multiple Average for consistency