This is a moving average with a customizable polynomial kernel. You can shape your kernel by selecting your parameters in the settings window. This is not something that is immediately ready to mess with by just applying it on the chart, it is very useful for people who are researching indicators and developing new tools. To see the shape of your kernel you can plug it into google or wolfram. This indicator and the related ones are rather technical in nature, so feel free to comment any questions you may have and to see if anyone has asked your question.
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Happy studying and enjoy your life! 2019 will be absolutely insane!
Hi MCBW, can this formula be described as a Non-Parametric Kernel Regression?
mcbw_
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Hey @AlexFly, Im not sure I know exactly what that is, but this script allows you to design your own moving average kernel weightings using a polynomial function. I have a few other scripts that let you use a gaußian function or random noise to define your own moving average kernel.