mrtools wrote: Wed Dec 26, 2018 1:20 pm

Another good one from Mladen::::::

Theory :

Efficiency ratio was invented by Perry Kaufman as a measure of volatility and as a way of making some calculations adaptive. In his adaptive moving average he uses 3 periods for calculation which makes it a bit "cryptic" and, by all means, not so simple to use. This version is simplifying the whole thing without an intention to clone the KAMA indicator - but with an intention to use the efficiency ratio for adapting the average calculations and to use only two parameters for that :

period
price
No other parameters needed

Usage :

It can be used as any other moving average type indicator

Please make sure in my converting it I didn't cause it to repaint, don't think so but since the market is closed now, not sure.