Author states: This script is inspired from "Vitali Apirine (Stocks & Commodities V.36:5: Adaptive Moving Averages)" and a correction to Dynamic Volume Adaptive Moving Average (MZ DVAMA). I have used slope filtering in order to adapt trends more precisely for better trades.
Slope adaption makes it better for adaptive moving average to detect trend health; making it easier to make decisions based on market strong price momentums, consolidations or breakouts. This isn’t possible with only using simply Adaptive Moving Averages.
Adaptive Moving Averages curve doesn’t change its length based on Slope but it uses slope adaptive color for trend strength detection.
USAGE
To my experience, best way to use AMA is to consider using higher AMA lengths such as 365, 200, 100 or more than 50 for keeping smoothness intact and for Minor and Major lengths within lower range. For example, EMA 6 to 14 are better and faster options to detect recent price changes so I used these two. Similarly, these two lengths can be changed if market is more volatile and you need AMA to react slowly with price volatility.
Here is the original Tradingview code:
https://www.tradingview.com/v/Ies7Tygo/
For the new ThinkOrSwim code, you must scroll down to the next post
Slope adaption makes it better for adaptive moving average to detect trend health; making it easier to make decisions based on market strong price momentums, consolidations or breakouts. This isn’t possible with only using simply Adaptive Moving Averages.
Adaptive Moving Averages curve doesn’t change its length based on Slope but it uses slope adaptive color for trend strength detection.
USAGE
To my experience, best way to use AMA is to consider using higher AMA lengths such as 365, 200, 100 or more than 50 for keeping smoothness intact and for Minor and Major lengths within lower range. For example, EMA 6 to 14 are better and faster options to detect recent price changes so I used these two. Similarly, these two lengths can be changed if market is more volatile and you need AMA to react slowly with price volatility.

Here is the original Tradingview code:
https://www.tradingview.com/v/Ies7Tygo/
For the new ThinkOrSwim code, you must scroll down to the next post
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