Overview KAMA : Kaufmann's Adaptive moving Average if used correctly can help us get good signals to start working on, This indicator uses 4 different kamas and Vwap for Average weighting The Average Weight is calulated by
After the Average Weights are calculated Standard Deviation Bands of 2sigma and a lookback period is Plotted around the Average Weights
Then with the help of a signal generator Rate of change signals are calculated and plotted as Arrows (green and red)
The script comes with Alerts for Long and Short Signals
The yellow boxes you see are the points of standard deviation compressions in the bands
How to use Use it as a screener, for Long short signals by creating alerts around different securities as you like
Which Timeframe it works It will work over any timeframe
How to get access Just add the script to favorites and start using it on your charts (apply it by going to the favorites section when you click Fx icon for indicators)
Thanks to tradingview for providing such an awesome platform
It's difficult for me to understand this ,Could you please explain more? Thx!