QuantNomad

QuantNomad - Elastic Volume Weighted Moving Average

EVWMA is a quite interesting moving average where period of the MA is defined from volume itself.
It incorporates volume information in a natural and logical way. The eVWMA can be looked at as an approximation to the average price paid per share.

As a volume period you can use:
- Absolute volume value, for example floating number of shares. 134M for Tesla for example.
- Sum of the last x bars volumes.

Indicator was developer by Christian P. Fries, Ph .D.

Courses:
Pine Programming v5: https://qntly.com/pineprog
Adv.Pine Use-Cases: https://qntly.com/advpine

Access to Pro Indic.: https://qntly.com/proind

Hire Me: https://qntly.com/hirepine
Telegram: https://qntly.com/tel
Open-source script

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Disclaimer

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