Boosted Moving Average

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Overview:

The Boosted Moving Average (BMA) is designed to enhance the traditional Exponential Moving Average (EMA) by introducing a boositng factor that amplifies its responsiveness to price changes. This means that the BMA will react more quickly to significant market movements, while still maintaining a smooth trajectory.

Key Features:

1. Boost Factor Sensitivity: Adjust the BMA's reactivity to price movements. A higher boost factor makes it more responsive, ideal for traders who want to catch price shifts early.
   
2. Dual EMA Calculation: The BMA combines two EMAs with different lengths to create a divergence that forms the basis for boosted values. This dual approach helps refine entry and exit points.
   
3. Smoothing: After boosting, the moving average is smoothed using another EMA, ensuring you get the clearest possible signal without over-complicating things.
   
4. Bullish/Bearish Coloring: The plot changes color based on the current trend, making it easy to visualize market direction:
   
   How It Works:
   
   The script calculates two EMAs: one with the given length and one with half that length.
   The boost factor amplifies the difference between these two EMAs to provide an enhanced signal.
   A final EMA is applied to smooth the resulting boosted moving average, ensuring clarity in market direction.
   Color-coded trends make it easy to see if the market is bullish (green) or bearish (red).
   
   

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Phát hành các Ghi chú

Added Alerts for bullish and bearish conditions