Elastic Range Weighted Moving AverageThis indicator is similar to the Elastic Volume Weighted Moving Average, except it uses True Range instead of Volume.
This can be useful where volume data is unavailable (for instance, in forex), or if prices moved way too fast, such as the Swiss franc crash back in 2015.
Comparison:
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Elasticweightedmovingaverage
Elastic Volume Weighted Moving AverageElastic Volume Weighted Moving Average indicator script. This indicator was originally developed by Christian P. Fries (Technical Analysis of Stocks & Commodities, June 2001).
ELASTIC WEIGHTED MOVING AVG with STDDEV BANDSImported from Stock & Commodities February 2017 month’s Traders’ Tips issue , from Vitali Apirine’s article in this issue, “Exponential Standard Deviation Bands.” Here, we present the February 2017 Traders’ Tips code with possible implementations in various software.
