Alpha/Bars converter — Indicator by MarcoValente

Simple tool to convert alpha in Bars length period. Often MA period's are express in alpha ratio, and become difficult to visualize the MA length's . Now you can convert alpha in to periods, and periods in alpha

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Want to use this script on a chart?

//@version=2
//Convert the period length (bars) in alpha using traditional ratio a=2/(n+1) , and reverse.
// By Marco
study("Alpha/Bars converter")
N=input(28,title="Period (Bars)"),aph=input(.07,step=0.001,title="Alpha")
alpha=2 / (N + 1),nbar=round(2/aph)-1
plot(alpha,title="Alpha Ratio",color=red),plot(nbar,title="Period (Bars)",color=red)