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://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
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_big.png)
Versionshinweise:
1. The ability to color the background is now available.
2. Multiple adaptive settings are available to pick from.
2. Multiple adaptive settings are available to pick from.
Versionshinweise:
Reduced transparency of background color.
You can change colors and transparency from the settings menu
You can change colors and transparency from the settings menu
Versionshinweise:
Option to hide plot also available - in case you already have a bunch of moving averages!
Need Indicators/Strategies for TradingView? -> t.me/pinescripters_jobs
General questions about Pinescript? -> t.me/pinescripters
General questions about Pinescript? -> t.me/pinescripters