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
Tykhe Mean Machine System
A Pine v4 overlay that works from the average of the ten-bar highest high and lowest low together with a Hull moving average helper and a short period setting.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code41
Settings3inputs
LicenceNone statedfile: MPL-2.0
Last update3 years ago19 Mar 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
41 lines of Pine Script v4 from TradingView_old/2022/tykhe/mean-machine.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
//@version=4
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © Tykhe_Ideas
study("Tykhe - Mean Machine system", overlay=true)
hull(i,x) =>
wma(2*wma(i, x/2)-wma(i, x), round(sqrt(x)))
src = input(ohlc4)
smoothness = input(10)
h = highest(high, 10)
l = lowest(low, 10)
hl = (h+l) / 2
short_period = input(21)
quick = sma(hl, smoothness)
short_slow = hull(quick, short_period)
short_fast = hull(hl, short_period)
short_slow_plot = plot(short_slow, color=color.red)
short_fast_plot = plot(short_fast, color=color.green)
//short_mean_color = short_slow > short_fast ? color.red : color.green
//fill(short_slow_plot, short_fast_plot, color=short_mean_color )
Overview
Inputs are the price source, a smoothness value and a short period of 21. Only the opening part of the code is available, so the exact lines and any signals drawn are not confirmed here. It is a moving average based overlay on the price chart.
- Ten-bar high-low midpoint
- Hull moving average helper
- Adjustable smoothness and short period
Details
Published by
nvFede on GitHub
Code credit
Tykhe_Ideas, as written in the script's header
Type
Indicator, Pine Script v4
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 |
|---|---|---|---|
| src | source | ohlc4 | src |
| smoothness | int | 10 | smoothness |
| short_period | int | 21 | short_period |
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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