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 v4 · On the chart
Straightened Price Curve
This indicator plots a zigzag-like moving average and a stepline on the price chart.
Repaints
GitHub stars114on the repository
Pine versionv4older, still runs
Lines of code41
Settings6inputs
LicenceNone stated
Last update1 year ago7 Nov 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 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
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Straightened Price Curve fetches previous bar prices from two input timeframes using the security function with gaps off and lookahead on. The zzoid function creates a smoothed curve via cumulative sums of both series, computing a MACD-like difference that gets standardized and scaled to the price range. The stepline function produces a simple step line. Both lines update in real time as the main settings change the timeframes and lookback periods for fast, slow, and standardization. Signals appear as direction changes when the zigzag line crosses its prior value.
- zigzag-like MA
- stepline
- multi-timeframe
- security function
- standardized curve
Details
Published by
capissimo on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Moving averages, Trend
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Data Source | source | close | price |
| Time frame 1 | int | 5 | tf1 |
| Time frame 2 | int | 5 | tf2 |
| Fast Lookback | int | 1 | fast_p |
| Slow Lookback | int | 2 | slow_p |
| Standadize Lookback | int | 2 | std_p |
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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