ALMA Trend Direction

Input Options:
-Offset : Value in range {0,1} that adjusts the curve of the Gaussian Distribution. A higher value will result in higher responsiveness but lower smoothness. A lower value will mean higher smoothness but less responsiveness.
-Length : The lookback window for the ALMA calculation.
-Sigma : Defines the sharpe of the curve coefficients.
I find that this indicator is best used with a longer length and a 4 Hour timeframe. Overall, its purpose is to help identify the direction of a trend and determine whether a security is in an uptrend or a downtrend. For this purpose, it is best to use a lower offset value since we are looking to identify long-term, significant price movement rather than small fluctuations.
The Chart:
The ALMA is plotted as the aqua and pink alternating line. It is aqua when bullish and pink when bearish.
The low price for each candle is then compared to the ALMA. If the low is greater than the ALMA, then there is a bullish trend and the area between the candles and ALMA is filled green. The area between the ALMA and candles is filled red when the low price is less than the ALMA.
The difference between the slow ALMA and candles can reveal a lot about the current market state. If there is a significant green gap between the two, then we know that there is a significant uptrend taking place. On the other hand, a large red gap would indicate a significant downtrend. Similarly, if the gap between the two is narrowing and the ALMA line switches from aqua to pink, then we know that a reversal could be coming shortly.
~Happy Trading~
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Penafian
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Untuk akses pantas pada carta, tambah skrip ini kepada kegemaran anda — ketahui lebih lanjut di sini.
profitprogrammer.com