OPEN-SOURCE SCRIPT
Dominant Cycle Adaptive MACD
This Indicator is based on classic MACD but with an exceptional smoothing.
This smoothing eliminates the noise of the classic MACD as you see in the Chart
Adaptive MACD is compiled using with two adaptive moving averages, one adaptive to the dominant cycle and the other adaptive to twice the dominant cycle. As the basic behind the MACD is the difference of two moving averages we cannot find much difference between the conventional MACD (12, 26) and the adaptive MACD. However the adaptive MACD is less prone for less whipsaws and it catches the trends very well at the same time the catches the turning points in time. The Adaptive MACD is definite one notch better than the conventional MACD.
Dominant Cycle Period is calculated using Ehler's Method {Mentioned in the code}
This is how the Adaptiveness Impacts the Price Chart
1. (12, 26 EMA) VS Adaptive Dominant Cycle EMA
2. See how the Adaptive Lengths {both FastLength and SlowLength changes with time!}
Enjoy!
This smoothing eliminates the noise of the classic MACD as you see in the Chart
Adaptive MACD is compiled using with two adaptive moving averages, one adaptive to the dominant cycle and the other adaptive to twice the dominant cycle. As the basic behind the MACD is the difference of two moving averages we cannot find much difference between the conventional MACD (12, 26) and the adaptive MACD. However the adaptive MACD is less prone for less whipsaws and it catches the trends very well at the same time the catches the turning points in time. The Adaptive MACD is definite one notch better than the conventional MACD.
Dominant Cycle Period is calculated using Ehler's Method {Mentioned in the code}
This is how the Adaptiveness Impacts the Price Chart
1. (12, 26 EMA) VS Adaptive Dominant Cycle EMA
2. See how the Adaptive Lengths {both FastLength and SlowLength changes with time!}
Enjoy!
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Get Ocs Ai Trader, Your personal Ai Trade Assistant here
→ ocstrader.com
About me
AlgoTrading Certification, ( University of Oxford, Säid Business School )
PGP Research Analysis, ( NISM, SEBI )
Electronics Engineer
→ ocstrader.com
About me
AlgoTrading Certification, ( University of Oxford, Säid Business School )
PGP Research Analysis, ( NISM, SEBI )
Electronics Engineer
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Get Ocs Ai Trader, Your personal Ai Trade Assistant here
→ ocstrader.com
About me
AlgoTrading Certification, ( University of Oxford, Säid Business School )
PGP Research Analysis, ( NISM, SEBI )
Electronics Engineer
→ ocstrader.com
About me
AlgoTrading Certification, ( University of Oxford, Säid Business School )
PGP Research Analysis, ( NISM, SEBI )
Electronics Engineer
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.