Cuban's Volume-Weighted Anchored Trend with Guppy Mode
This is the first moving average that I've had a crack at. It's a VWMA of sorts that's anchored to significant price events but stays flat during chop.
This moving average essentially ignores most other price action while providing dynamic support and resistance levels, and displaying the underlying trend.
I personally use this moving average in it's singular form on higher timeframes to guide the bias of my low timeframe scalping. Generally, I will curve fit the MA to the recent price action and timeframe.
I've included a guppy function with adjustable lengths to assist defining the current trading range. There is an adaptive mode that will give quicker reversal signals at the sacrifice of increased noise. It works by flipping the source from high to low depending on the trend. I haven't added shading fills to the guppy as I think it takes away too much from the price action, but will add them if there is enough demand.
Enjoy.
This moving average essentially ignores most other price action while providing dynamic support and resistance levels, and displaying the underlying trend.
I personally use this moving average in it's singular form on higher timeframes to guide the bias of my low timeframe scalping. Generally, I will curve fit the MA to the recent price action and timeframe.
I've included a guppy function with adjustable lengths to assist defining the current trading range. There is an adaptive mode that will give quicker reversal signals at the sacrifice of increased noise. It works by flipping the source from high to low depending on the trend. I haven't added shading fills to the guppy as I think it takes away too much from the price action, but will add them if there is enough demand.
Enjoy.
Release Notes:
Release Notes:
- Aesthetic fix