More-Than-Enough

Adaptive Rebound Line (ARL)

More-Than-Enough Updated   
The Adaptive Rebound Line (ARL) focuses on the rebound of price action according to the trend.

While it does not focus on showing the trend, it does help in anticipating price rebounds.

It achieves this by adapting quickly and by reducing lag.

It is recommended to use this with a trend-identifying indicator.

It was inspired by the Hull Moving Average and the KAMA.

Additional indicator show in the chart is Tide Finder Plus.
Release Notes:
The Adaptive Rebound Line (ARL) focuses on the rebound of price action according to the trend.

While it does not focus on showing the trend, it does help in anticipating price rebounds.

It achieves this by adapting quickly and by reducing lag.

It is recommended to use this with a trend-identifying indicator.

It was inspired by the ALMA and the KAMA .

Additional indicator show in the chart is Tide Finder Plus.

Update 9/10/2022: Added ability to move the line up and down with deviations
Release Notes:
Minor adjustments.
Release Notes:
Minor adjustments to make it more user-friendly.
Release Notes:
Removed redundant code and adjusted for more precision.
Open-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 a 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.

Want to use this script on a chart?