Virtually all other moving average techniques have just one input setting of length or period, making it impossible for them to adapt to dynamic price movement. By incorporating input settings for “Responsiveness” and “Inertia”, the ZMA™ overcomes the limitations of other moving averages and can be adapted to ANY symbol, ANY timeframe and chart type, and ANY trading style.
From slow-and-steady to zero-lag, there are 'infinite' possibilities that can be achieved by experimenting with the ZMA™ input settings. With numerous color-coding options and built-in alerts, the ZMA™ is the only moving average method that a trader needs.
• "Responsiveness" settings control how reactive the ZMA™ is to fluctuations in price by controlling how high-frequency and low-frequency “noise” is filtered.
• "Inertia" settings control how "energy" is calculated by amplifying high-frequency and low-frequency “noise”.
The ZMA™ also includes a special feature that you won't find with other moving averages — ZMA™ Deviation Bands (think of them as adaptive , specially designed for the ZMA™). These adaptive Deviation Bands allow you to (clearly and immediately) see if the ZMA™ is or within an uptrend or downtrend and provide yet another layer of trend filtering and trend analysis.
Product Page: https://www.fibozachi.com/trading-indicators/zma
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact fibozachi for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it until you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Public Library.
Warning: please read before requesting access.