On charts with medium or low volatility, this indicator behaves identically to standard Moving Average. On highly volatile charts, this indicator is more stable because the calculation is performed in log space. For convenience, the indicator starts from the second candle (much earlier than regular MA).
logarithmic exponential moving average
plots 3 lines instead of 1
default is 50,100,200
use standard scale instead of log, for this to work properly.
BTC tip jar: 1Mv1s7nLaTsRoLai5WXEGg8doisXuiPUXy
ETH tip jar: 0x6113DDD23D0D5aCad3d1f8640A8A571E9Cb86cB8
LTC tip jar: LYvyoqTSWxa22TQw3E7818xy4AfYNi6xcm
BCH tip jar: 1GC7oZ7MhLkamKCDdZFnUfV21SKWq84VdY
A comfortable Volume Indicator with the following features:
Darker colors indicate positive changes
Light colors indicate negative changes
There are separate colors for changes above a configurable threshold
The threshold can look at percentages changes in either volume (directly) or the volume at log scale.
The graph itself is always displayed in...
This is the same script as the built-in Ultimate Oscillator except it is calculated in log-space, which may help with some very high-volatility charts (the differences will be usually be very small though).