// Licensed under the Apache License, Version 2.0 // © mihakralj //@version=6 indicator("Ehlers Fractal Adaptive Moving Average (FRAMA)", "FRAMA", overlay=true) //@function Calculates Ehlers Fractal Adaptive Moving Average //@param period Lookback period (forced to even, >= 2) //@returns FRAMA value with fractal-adaptive smoothing //@optimized Uses fractal dimension for adaptive alpha with O(n) complexity per bar frama_strict(simple int period) => int p = math.max(2, period) int pe = (p % 2 == 0) ? p : (p + 1) int h = int(pe / 2) // Price series per Ehlers FRAMA (commonly HL2) float price = hl2 // Require enough history and non-NA ranges over the needed windows bool ready = bar_index >= pe - 1 and not na(price) and not na(ta.highest(high, pe)) and not na(ta.lowest(low, pe)) and not na(ta.highest(high, h)) and not na(ta.lowest(low, h)) and not na(ta.highest(high[h], h)) and not na(ta.lowest(low[h], h)) var float fr = na if ready // Ranges per Ehlers: // N1: first half range / half // N2: second half range / half (shifted by half) // N3: full range / full float n1 = (ta.highest(high, h) - ta.lowest(low, h)) / h float n2 = (ta.highest(high[h], h) - ta.lowest(low[h], h)) / h float n3 = (ta.highest(high, pe) - ta.lowest(low, pe)) / pe float alpha = 1.0 if n1 > 0 and n2 > 0 and n3 > 0 float dimen = (math.log(n1 + n2) - math.log(n3)) / math.log(2.0) alpha := math.exp(-4.6 * (dimen - 1.0)) alpha := math.max(0.01, math.min(1.0, alpha)) // Warm-start: first computed value seeds to price float prev = nz(fr[1], price) fr := alpha * price + (1.0 - alpha) * prev else fr := na fr // -------- Main -------- i_period = input.int(16, "Period (even enforced)", minval=2) frama_value = frama_strict(i_period) plot(frama_value, "FRAMA (strict)", color=color.yellow, linewidth=2)