OPEN-SOURCE SCRIPT
Updated Low Lag Exponential Moving Average
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://tradingview.sweetlogin.com/proxy-s3/1/1LF6cPby_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!Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Algo Trading Simplified 👉 PaxProfits.com
Discover the easy way to manage Forex trading accounts. Trusted by traders globally.
Discover the easy way to manage Forex trading accounts. Trusted by traders globally.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Algo Trading Simplified 👉 PaxProfits.com
Discover the easy way to manage Forex trading accounts. Trusted by traders globally.
Discover the easy way to manage Forex trading accounts. Trusted by traders globally.
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.