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
Genie b
This minimal Pine Script indicator plots the closing price directly onto the price chart.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code7
Settings0inputs
LicenceNone statedfile: MPL-2.0
Last update2 years ago31 Aug 2024
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
7 lines of Pine Script v5 from PineScripts/b.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// ©
//@version=5
indicator("b", overlay = true, max_boxes_count = 500, max_labels_count = 500, max_lines_count = 500)
plot(close)
Overview
Developed as part of the GenieV1 automated scalping project, it serves as a lightweight template or baseline script initialized with expanded allowances for boxes, labels, and lines, though none are actively utilized in the code. There are no user inputs, mathematical calculations, or trading signal rules present, simply overlaying the continuous close series.
- Closing price overlay plot
- Pre-configured drawing capacity for boxes, labels, and lines
- Minimal template design
Details
Published by
Hurairahengg on GitHub
Code credit
//@version=5, as written in the script's header
Type
Indicator, Pine Script v5
Draws
On the price chart
Markets
Forex
Timeframes
M1-M5
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.
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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