Recruitment of participants Regularized EMA Pro NT8

Regularized EMA Pro NT8



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