MESA Adaptive Moving Average - Improved MTF

This indicator is a huge upgrade to my original MTF MESA

Plots are now extremely smooth and accurate on all timeframes **
Missing data points are automatically filled with the "best fit"

This is a Trend indicator and should be used to trade "top-down" aka:

• Start with the Daily chart to confirm a trend
  
• Move to 4H
  
• 2H
  
• Etc...
  

Use your favorite entry method or simply watch for wicks forming when the price gets near the MESA adaptive moving average.
This is one of the few indicators that I've been using for years with success. Being able to plot both the current & higher timeframe MESA
can sometimes feel like cheating.

Due to the nature of the recursive calculation, you may notice slight differences between this version of MESA and others that either
approximate higher timeframes with fewer samples or make use of the latest "Resolution" argument in Pinescript V4. Both of which are
fine, until you start looking at M5 charts while plotting the Daily MESA.

As always, happy trading!

** Currently supports
M 1,3,5,15,30,45
H 1,2,3,4
Day 1
Week 1
Month 1

發布通知:

Improved large MT4 differences. For instance, an M15 chart with the Daily MESA had errors that increased the further back you scroll.