Adaptive_Length — Library by MightyZinger

Library "Adaptive_Length"
This library contains functions to calculate Adaptive dynamic length which can be used in Moving Averages and other indicators.
Two Exponential Moving Averages (EMA) are plotted. Coloring in plot is derived from Chikou filter and Dynamic length of MA1 is adapted using Signal output from Chikou library.

dynamic(para, adapt_Pct, minLength, maxLength) Adaptive dynamic length based on boolean parameter
Parameters:
para: Boolean parameter; if true then length would decrease and would increase if its false
adapt_Pct: Percentage adaption based on parameter
minLength: Minimum allowable length
maxLength: Maximum allowable length
Returns: Adaptive Dynamic Length based on Boolean Parameter

auto_alpha(src, a) Adaptive length based on automatic alpha calculations from source input
Parameters:
src: Price source for alpha calculations
a: Input Alpha value
Returns: Adaptive Length calculated from input price Source and Alpha

Release Notes:

v2 : Corrected Output of auto_alpha function to Int

Release Notes:

v3 : Fixed float output problem

Release Notes:

v4

Added:
dynamic_2(up_para, dn_para, adapt_Pct, minLength, maxLength) Adaptive dynamic length based on two boolean parameters for increasing and decreasing dynamic length seperatally with more precision
Parameters:
up_para: Boolean parameter; if true then length would decrease
dn_para: Boolean parameter; if true then length would increase
adapt_Pct: Percentage adaption based on parameter
minLength: Minimum allowable length
maxLength: Maximum allowable length
Returns: Adaptive Dynamic Length based on Two Boolean Parameters for increasing and decreasing dynamic length seperatally with more precision

Release Notes:

v5 : Corrected "dynamic_2" function and added a 3rd EMA using adaptive length from "dynamic_2" function.

Pine library

In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in a publication is governed by House Rules.

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