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 v6 · On the chart
Open-High-Low Average (OHL3)
This indicator calculates the arithmetic average of the open, high, and low prices for every bar and plots the resulting series directly on the main price chart.
GitHub stars47on the repository
Pine versionv6current
Lines of code21
Settings0inputs
LicenceMIT
Last update8 months ago28 Feb 2026
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
21 lines of Pine Script v6 from indicators/numerics/ohl3.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
// The MIT License (MIT)
// © mihakralj
//@version=6
indicator("Open-High-Low Average (OHL3)", "OHL3", overlay=true)
//@function Calculates the average of open, high, and low prices
//@param o Open price series
//@param h High price series
//@param l Low price series
//@returns float The average value (open + high + low) * 0.333333
//@optimized Uses multiplication instead of division for performance
ohl3(series float o, series float h, series float l) =>
(o + h + l) * 0.333333
// ---------- Main loop ----------
// Calculation
result = ohl3(open, high, low)
// Plot
plot(result, "OHL3", color=color.yellow, linewidth=2)
Overview
The calculation uses constant multiplication rather than division to optimize execution speed. It functions purely as a price transform without generating directional trading signals, entry triggers, or alerts. The script contains no user-configurable input settings or adjustable parameters. Because it omits the closing price and includes the current bar's high and low, the plotted value continues to fluctuate during the formation of an unconfirmed bar.
- Average of open, high, and low prices
- Multiplication optimization for performance
- Overlay plot on price chart
Details
Published by
mihakralj on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
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.
Topics
pinescriptpinescript-indicatorstechnical-analysistradingview-indicators
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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