OPEN-SOURCE SCRIPT
Total Turnover Moving Average (TTMA)
This is a special type of moving average that incorporates financial information into technical indicators.
CONCEPT:
Number of shares outstanding (NOSH) reflects the floating tickets available for trading in the market. This indicator aims to look at what price has the market transacted on average, given all the NOSH has been turned over.
In order to do this, the number of periods required for trading volume to add up to NOSH is determined. Then, a simple moving average of closing price is calculated based on the number of periods.
Put simply, TTMA is a variable MA indicator, which the parameter depends on trading volume and NOSH. Since every counter has varying NOSH, it also translates volume into liquidity. Given two counters of the same volume , the one with lower NOSH has higher liquidity.
USAGE:
Bullish: when prices are above TTMA
Bearish: when prices are below TTMA
CAVEAT:
Generally works well for mid-cap to large-cap stocks, but not volatile penny counters (just like how you will not use 2-day moving average!). Good as reference and should NOT be used standalone.
CONCEPT:
Number of shares outstanding (NOSH) reflects the floating tickets available for trading in the market. This indicator aims to look at what price has the market transacted on average, given all the NOSH has been turned over.
In order to do this, the number of periods required for trading volume to add up to NOSH is determined. Then, a simple moving average of closing price is calculated based on the number of periods.
Put simply, TTMA is a variable MA indicator, which the parameter depends on trading volume and NOSH. Since every counter has varying NOSH, it also translates volume into liquidity. Given two counters of the same volume , the one with lower NOSH has higher liquidity.
USAGE:
Bullish: when prices are above TTMA
Bearish: when prices are below TTMA
CAVEAT:
Generally works well for mid-cap to large-cap stocks, but not volatile penny counters (just like how you will not use 2-day moving average!). Good as reference and should NOT be used standalone.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.