Regularized exponential moving average was introduced by Chris Satchwell as a variation of EMA, designed to be smoother yet at the same time not generate too much extra lag. The smoothing is done with “regularization”, which is a special mathematical process to smooth data points.
The indicator has a Lambda value that traders can configure to adjust the regularization (smoothing amount) to their liking. When Lambda is equal to 0, the Regularized EMA indicator is identical to the standard EMA.
Due to its special formula, Regularized EMA Pro rapidly responds to price changes!
Key features:
- Plot Regularized EMA
- Allow configuring the smoothing factor Lambda
- Allow smoothing Regularized EMA (with 11 popular moving averages)
- Allow applying a plot change filter
- Colorize plot based on 2 phases: uptrend, downtrend
- Colorize bars to show 2 phases: uptrend, downtrend
- Paint background to show 2 phases: uptrend, downtrend
- Print markers on trend shift
- Trigger alerts on trend shift
- Be NinjaScript ready for advanced usage, only restricted by your imagination
- Expose dedicated NinjaScript signals
Dedicated NinjaScript signals:
- Signal_Trend: 1 = uptrend, -1 = downtrend
- 20 Oct 2022 - The indicator was re-exported to be compatible with recent changes of the platform.
- 12 Oct 2022 - The indicator was released (build new).
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