This study is a simple experiment using Kaufman's Adaptive Moving Average that plots a base average with a period of your choice, then plots averages with periods multiplied by Fibonacci numbers 2 through 34.
Nota Keluaran
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Big thanks to @NGBaltic for pointing out the massive flaw with the original version of this script.
Before this update, the script was effectively just a lagged OHLC/4 SMA ribbon.
This update is a complete rework on the calculation, so that it actually reflects KAMA values. In addition, the base sampling period multiples have been expanded from Fibonacci numbers 1 - 34 to 1 - 144.
Hi can i ask you why do you use kama(aC1[1],1/2) , first of all aC1[1] gives lag, and L = 1/2 which is used to calculate value of bars back, very confusing. Can you please explain. thanks.
@NGBaltic, Thanks for pointing that out to me. To answer your question, it was a silly mistake. aC1(1) does give lag, and is not imperative to the calculation. And as far as the 1/2 length goes... entirely unnecessary. I copied the definition for the averages from an older code I was experimenting with and just breezed past the issues without paying attention. I believe I may have made the same error on another code as well. I'll have to do a thorough check through my old KAMA based scripts.
I'll make the necessary adjustments and update the script, as well as any others affected by it.
NGBaltic
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@DonovanWall, thanks for reply, so effectively this turns out to be fibonacci sma of each ohlc /4, because Kama of (1) does almost nothing. Anyway visually it looks really cool, i've changed sma to alma results are much better.
stucky77
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@NGBaltic, Would you mind sharing your alma mod of this script? I'm interested to see it. I've tried coding it with my limited knowledge, but I'm having difficulties. Thanks