OPEN-SOURCE SCRIPT
Low Lag Exponential Moving Average
Updated
This is a low-lag EMA, colorized to help identify turn around points. You have the option of making it adaptive as well, different methods
of signal processing or simply an average of the two.
See my previous script to understand how these adaptive methods work
![Cosine, In-Phase & Quadrature IFM [Ehlers]](https://s3.tradingview.com/1/1LF6cPby_mid.png)
of signal processing or simply an average of the two.
See my previous script to understand how these adaptive methods work
Release Notes
1. The ability to color the background is now available.2. Multiple adaptive settings are available to pick from.
Release Notes
Reduced transparency of background color. You can change colors and transparency from the settings menu
Release Notes
Option to hide plot also available - in case you already have a bunch of moving averages!
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Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.