OPEN-SOURCE SCRIPT
Variable Index Dynamic Average System
Updated
Variable Index Dynamic Average System indicator script based on the original version by Tushar Chande.
I have try to make a "system" with it, just for fun but it can be usefull on alt coins for example.
The indicator is compose of 3 VIDYA 14 peridod, 14*2 and 14*4. and 2 gray line (it's the difference between the fist VIDYA and the higher VIDYA.
With this you can see if we are in a trend, in range, defind level of entry, TP... just be sure feed correctly the indicator with the good TF.
Thanks to everget for his orginal code that you can find here :
I have try to make a "system" with it, just for fun but it can be usefull on alt coins for example.
The indicator is compose of 3 VIDYA 14 peridod, 14*2 and 14*4. and 2 gray line (it's the difference between the fist VIDYA and the higher VIDYA.
With this you can see if we are in a trend, in range, defind level of entry, TP... just be sure feed correctly the indicator with the good TF.
Thanks to everget for his orginal code that you can find here :
Release Notes
correct error on color changeOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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