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
Price Action Candles
This lightweight indicator calculates a 9-period Exponential Moving Average (EMA) and a 20-period EMA, plotting both directly on the price chart overlay.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code19
Settings0inputs
LicenceNone statedfile: MPL-2.0
Last update5 months ago27 May 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
19 lines of Pine Script v5 from Tradingview/price-action-candles-v7.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/
// © goodgains
//@version=5
indicator("Price Action Candles", overlay = true)
// @keywords: price-action-candles, dual-ema, ema-nine-twenty, sum-of-emas, orange-composite-line, three-plot-lines, simple-trend-proxy, moving-average-sum, plotted-emas, minimal-candles-v7, trend-lines, no-signals, no-alerts, basic-ma-plots, ema-cross-proxy, price-smoothing, combined-ma-sum, version-seven, lightweight-indicator, ema-stack
ma_value1 = ta.ema(close, 9)
ma_value2 = ta.ema(close, 20)
value_3 = ma_value1 + ma_value2
plot(ma_value1)
plot(ma_value2)
plot(value_3, color = color.orange)
Overview
Price Action Candles also plots a third line in orange that displays the mathematical sum of the two EMAs as a simple trend proxy. The script provides basic price smoothing directly over candles without customizable input options, trading signals, or alerts.
- 9-period EMA calculation
- 20-period EMA calculation
- Composite EMA sum line
- Lightweight chart overlay design
Details
Published by
g-moe on GitHub
Code credit
goodgains, as written in the script's header
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Moving averages, Trend
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.
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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