OPEN-SOURCE SCRIPT
Updated Higher Timeframe TRAMA
The Trend Regularity Adaptive Moving Average (TRAMA) is a dynamic moving average that smooths price movements and makes market trends more identifiable. TRAMA adapts to volatile phases while remaining stable in sideways markets by analyzing the highs and lows of a given period.
Main Features
Trend Adaptability: Captures clear trends and reduces noise in turbulent markets.
Multi-Timeframe Option: Displays TRAMA from a higher timeframe on the current chart, ideal for identifying long-term trends.
Flexible Parameter Settings: Customizable period and timeframe selection for versatile use.
Ideal for trend-following strategies and reversal signals, the TRAMA indicator is suited for traders who prefer clear signals and precise trend analysis.
Main Features
Trend Adaptability: Captures clear trends and reduces noise in turbulent markets.
Multi-Timeframe Option: Displays TRAMA from a higher timeframe on the current chart, ideal for identifying long-term trends.
Flexible Parameter Settings: Customizable period and timeframe selection for versatile use.
Ideal for trend-following strategies and reversal signals, the TRAMA indicator is suited for traders who prefer clear signals and precise trend analysis.
Release Notes
I am excited to share that the Higher Timeframe TRAMA indicator is now 100% accurate! The values now perfectly match those of the original LuxAlgo TRAMA indicator.What's changed?
Exact Calculation on Higher Timeframes:
The TRAMA calculation is now fully performed within the request.security() function on the higher timeframe, ensuring precise data from the higher timeframe is used.
Adaptation to Pine Script™ Version 6:
The code has been updated to leverage the latest features and changes in Pine Script™ Version 6.
Repainting Prevented:
By correctly setting lookahead=barmerge.lookahead_off, the indicator now avoids repainting and only considers completed candles.
Enjoy testing the updated indicator!
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.