accerqueira

MayerMultiple Price BB

accerqueira Updated   
This charts an indicator created by Trace Mayer with some extras.

Plots:
- Mayer Multiple (may be hard to notice, since it overlays by default and stay at the bottom...)
- Price adjusted by Mayer Multiple Average with Bollinger Bands

Moving Average Function can be selected from a list with standard functions and following experimental extras:
- Volume Weighted Exponential Moving Average
- Volume Weighted Time Decayed Moving Average // similar to vwema, but alpha is calculated from length as half-life decay function (not sure if I got that right...)

Default MA function is sma, to keep it true to the original MM indicator, but I think VWEMA and VWTDMA may perform better with exponential nature of BTCUSD .

Suggestions and bug reports are welcome =)
Release Notes:
- Adjusted default std deviation length
- Use same aggregate function on Mayer Multiple Average for consistency
Release Notes:
Cleanup the chart =p
Release Notes:
Cleanup the chart (again) =p
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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