This EMA uses a higher time sampled method instead of using security to gather higher timeframe data.
Its quite fast and worked well with the timeframes prescribed, up to 8hrs, after 8hrs, the formatting gets more complicated and i probably wouldn't use it anyway.
You can use this as a guide to avoid security and even f_security with this method.
The Undersampled Double Moving Average was created by John Ehlers (Stocks and Commodities April 2023), and this is a double moving average system which is pretty rare for John Ehlers. For those of you who would like my other take on an Ehlers double moving average, be sure to check out my previous Ehlers double moving average script . He came up with a unique...
aka weighted fair price
The ultimate price source for all your stuff, unless you go completely nuts.
The ultimate way to build line charts & do pattern trading, unless you go completely nuts.
You need a one-point estimate for every bar, a typical price of every bar aye? But then you see that every bar has a different distribution of prices. You can...