Adjustable MA & Alternating Extremities
(c) LuxAlgo

"Returns a moving average allowing the user to control the amount of lag as well as the amplitude of its overshoots thanks to a parametric kernel. The indicator displays alternating extremities and aims to provide potential points where price might reverse.

Due to user requests, we added the option to display the moving average as candles instead of a solid line.

USAGE
Moving averages using parametric kernels allows users to have more control over characteristics such as lag or smoothness; this can greatly benefit the analyst. A moving average with reduced lag can be used as a leading moving average in a MA crossover system, while lag will benefit moving averages used as slow MA in a crossover system.

Increasing 'Lag' will increase smoothness while increasing 'overshoot' will reduce lag."