SijjiN wrote: Thu Jan 25, 2024 8:28 pm Adjustable MA & Alternating Extremities
(c) LuxAlgo

SijjiN wrote: Thu Jan 25, 2024 8:28 pm 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."

Intrest 1 wrote: Sun Jan 28, 2024 6:15 am What is a parametric kernel?

brendons wrote: Sun Jan 28, 2024 11:50 am Adjustable MA & Alternating Extremities
(c) LuxAlgo
WOW This is a brilliant concept.
Could the forex-station team add a button to it please.

Many thanks,
Regards,
Brendon.

mrtools wrote: Thu Jan 25, 2024 4:45 am Nadaraya-Watson estimator (Envelopes) Update with On/Off Toggle Buttons

Arrows added, just my few minutes trading with it, looks very good especially if you use the median slope color as your guide. Thanks for the idea.

PS: For more information including Tank Turner's settings for rangebound markets, please see here.

Jedidiah wrote: Fri Feb 02, 2024 5:18 am Dear Mr. Tools
thank you for your work
Can I add MTF to it?
Grateful

mrtools wrote: Wed Jan 24, 2024 3:43 pm Added the alerts, not able to verify if they are working.

simon_n3z wrote: Sun Feb 04, 2024 3:16 am not for me