Thanks for confirm this but i was just means because of its smoothing factor that can form ha an late signaling indicator.is not that ?
I have a question and a request. Would it be possible to code the FRAMA indicator. I found one on the tradingview website.
Here is the code:
study("Fractal Adaptive Moving Average",shorttitle="FRAMA",overlay=true)
price = close
len = input(defval=252,minval=1)
FC = input(defval=40,minval=1)
SC = input(defval=252,minval=1)
w = log(2/(SC+1))
len1 = len/2
H1 = highest(high,len1)
L1 = lowest(low,len1)
N1 = (H1 - L1)/len1
H2 = for i = len1+1 to len
L2 = for i = len1+1 to len
N2 = (H2 - L2)/len1
H3 = highest(high,len)
L3 = lowest(low,len)
N3 = (H1 - L1)/len
dimen = (log(H1+H2) - log(H3))/log(2)
oldalpha = exp(w*(dimen-1))
oldN = (2-oldalpha)/oldalpha
newN = ((SC-FC)*(oldN-1)/(SC-1))+FC
alpha = 2/(newN+1)
out = nz(out)*(1-alpha) + price*alpha
This will probably not much of use, but can you code this?
You already have a frama indicator (for a long time) for metatrader
Here is just one version (a bit more usable than the single value version - multi time frame, filters alerts and all the bells and whistles included) : https://www.mql5.com/en/forum/178397/page152
thanx for the fast reply.
I saw on a testing website the following settings for the frama that I can not replicate with your indicator. Or maybe different inputs are nessecary.
The website is http://etfhq.com/blog/2010/10/09/frama-is-it-effective/#Best.
Can you have a look?
Mr.mladen please give the link of " ELDER SAFE ZONE " & " COUNT BACK LINE " indicator i searched lot no finding please.........