This indicator was originally developed by Vitali Apirine (Stocks & Commodities V. 37:5 (April, 2019): Adaptive Exponential Moving Average).
This is his second modification of Kaufman Moving Average. In essence, the idea remains the same as in the previous (https://www.tradingview.com/script/urJFGIcv-Adaptive-Moving-Average/): the smoothing constant is calculated as a special ratio between the current price and highest/lowest prices for a given period.
In combination with EMA you can obtain a trading system based on double crossovers:
Long, when AEMA crosses up EMA
Short, when AEMA crosses down EMA
Source code on request
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.