OPEN-SOURCE SCRIPT
Trend-Corrected EMA
Updated
EMA is a lagging indicator, but we can do better by correcting it with its first and second derivative, which may be more theoretically sound than how DEMA and TEMA are trying to achieve the same.
Release Notes
missing parentheses, oopsOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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.