The indicator boasts the ability to display trend or cycle information by varying the alpha parameter with minimal lag.
Coded by Mladen this experimental version uses period (instead of cryptic alpha) for calculations and is immediately combining what is called a "trend" part with the "cycle" part.
Tip: Whilst using this I've found that this is a steady indicator for both catching trends and scalping retracements. I particularly like how the "thin" line represents price's movement away from the mean (thick line), almost like a rubber band, the thin line will eventually snap back to the thicker trend line again which makes it easy to gauge where you should enter for a trend trade and also where you should "get out" for a retracement trade scalp. Neat!
Try it out on an hourly chart
