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LineBreak Exponential Moving Average
已更新
There are two types of charts. Timed and timeless ones.
The classic (timed) trading chart is the one shown on the right.
After each period closes, a candle closes.
Time defines the progress of this chart.
Then there are timeless charts, as shown on the left.
A candle closes only after price reaches a target, based on rules.
Price defines the progress of this chart.
Japanese invented most timeless charts to filter volatility and improve the visibility of trend changes.
To achieve consistency between these two different worlds, a simple but very useful EMA was developed.
This indicator transforms the timeless linebreak chart into a timed one to calculate EMA.
In this way, we have consistent behavior as being in a timed chart. Identical MA crossings and support/resistance.
The use of EMA is well known. It is not some new concept that needs further explanation.
The interpretation of LineBreak EMA is the same as the interpretation of your daily EMA.
Tread lightly, for this is line-broken ground.
The classic (timed) trading chart is the one shown on the right.
After each period closes, a candle closes.
Time defines the progress of this chart.
Then there are timeless charts, as shown on the left.
A candle closes only after price reaches a target, based on rules.
Price defines the progress of this chart.
Japanese invented most timeless charts to filter volatility and improve the visibility of trend changes.
To achieve consistency between these two different worlds, a simple but very useful EMA was developed.
This indicator transforms the timeless linebreak chart into a timed one to calculate EMA.
In this way, we have consistent behavior as being in a timed chart. Identical MA crossings and support/resistance.
The use of EMA is well known. It is not some new concept that needs further explanation.
The interpretation of LineBreak EMA is the same as the interpretation of your daily EMA.
Tread lightly, for this is line-broken ground.
發布通知
Minor consistency fixes.發布通知
Fixes in lower timeframes.發布通知
Changes in EMA calculation method.受保護腳本
該腳本是閉源發佈的，您可以自由使用。您可以把它加入到常用以在圖表上使用它。您無法查看或修改其原始碼。
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