Combination of the FRAMA and KAMA indicators to achieve a good tradeoff between both, works especially well on range bars. Standard deviation bands are included, to make them invisble please set the input named "Deviation" to 0. Future strategies might look into optimizing the weighting factor between FRAMA and KAMA to fit better for given timeframes and interval lengths.
Description
Combination of the FRAMA and KAMA indicators to achieve a good tradeoff between both, works especially well on range bars. Standard deviation bands are included, to make them invisble please set the input named "Deviation" to 0. Future strategies might look into optimizing the weighting factor between FRAMA and KAMA to fit better for given timeframes and interval lengths.
References
Please take a look at the original FRAMA posting for more info about the starting point of this tweak
To Import
1. Download the file to your Desktop
2. From the Control Center window select the menu File > Utilities > Import NinjaScript
3. Select the downloaded file
This is a very interesting indicator that shows historical volatility for the current time fo day, averaged over a selected number of previous days. It tracks surprisingly well with ADX, except that it actually leads ADX in many cases. The screenshot shows how the two compare.
This could be very useful in strategies because you could actually look forward and see the expected volatility ahead of time.
A nice future addition to this indicator would be an option to shift it forward a few bars, so you could be aware of the predicted volatility before it gets there.
A recent modification of the VWAP that allows you to save start and end times in templates, plus has multipliers for the SD bands and a couple of other features.
Picture shows a few other things, but the new hVWAP is the thick Magenta line and its SD bands are in similar color.