The Adaptive Laguerre Filter calculates a smoothed, dynamically adjusted trendline plotted directly on the main price chart. It dynamically adjusts its damping factor (alpha) based on recent price range variations and median percentile calculations over a spec
Indicator · Pine Script v5 · On the chart
EMA_SMA
This indicator draws a 21-period exponential moving average and a 21-period simple moving average of the closing price directly on the price chart.
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code23
Settings3inputs
LicenceNone statedfile: MPL-2.0
Last update3 years ago2 Aug 2023
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
23 lines of Pine Script v5 from Indicators/EMA_SMA.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
//Run the following Script on PINE EDITOR or any platform supporting Pine Script
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © might-tree
//@version=5
indicator(title="EMA_SMA", shorttitle="EMA_SMA", overlay=true, timeframe="", timeframe_gaps=true)
len = input.int(21, minval=1, title="Length")
src = input(close, title="Source")
offset = input.int(title="Offset", defval=0, minval=-500, maxval=500)
//out_ema = ta.ema(src, len)
//plot(out_ema, title="EMA", color=color.green, offset=offset)
//out_sma = ta.sma(src, len)
//plot(out_sma, color=color.red, title="EMA", offset=offset)
ema=ta.ema(close,21)
sma=ta.sma(close,21)
//ema_sma=(out_ema+out_sma)/2
//ema_sma=(ema+sma)/2
plot(ema,"EMA",color=color.blue)
plot(sma,"SMA",color=color.red)
//plot(ema_sma)
Overview
The exponential average is blue and the simple average is red. Settings for length, source, and offset are declared, but the plotted lines do not use them and remain fixed at close and 21. It produces no entries, exits, stop loss, or take profit. Signals are not marked, and the averages update with the current bar's close.
- 21-period EMA line
- 21-period SMA line
- Price chart overlay
- Unused length, source, and offset inputs
Details
Published by
might-tree on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Moving averages
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | 21 | len |
| Source | source | close | src |
| Offset | int | 0 | offset |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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