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dadashkadir

Erzurum Indicators (By DadashKadir)

dadashkadir  
Exponential Moving Average (EMA) Weighted Moving Average (WMA) Simple Moving Average (SMA) sma Standard Deviation (Volatility)
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ema wma simplemovingaverage sma stdev
Erzurum Indicators (By DadashKadir)

An indicator in which you will keep track of the buying and selling movements by adding the movements of the three moving averages together. The parameters were determined as Moving Average (SMA), Exponential Moving Average (EMA), Weighted Moving Average (WMA) and Volume Weighted Moving Average (VWMA). Its constant value was taken as WMA. It is used to calculate the averages of 3 - 5 and 7. You can include the standard deviation (STDEV) in these moving averages.

The name of the indicator is taken from our city of Erzurum, the pearl of Eastern Anatolia.
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.

Disclaimer

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