[Sapphire] JetStream (SWMA + Laguerre Filter)

18 hours ago

A Dynamic Fusion of Sine Weighted Moving Average and Laguerre Filter

The [Sapphire] JetStream Indicator is a versatile tool that combines the Sine Weighted Moving Average (SWMA) and the Laguerre Filter. This can be used to dynamically visualize price movements overtime.

Core Components:

Sine Weighted Moving Average (SWMA):

• The SWMA applies sine-weighted coefficients to recent price values, producing a responsive moving average that adapts to market conditions.
  
• The plotted SWMA line changes its color based on directional movement:
  
• Cyan: Upward trend.
  
• Gray: Downward trend.
  
• The sensitivity of the SWMA is controlled via the SWMA Length input, allowing users to fine-tune its responsiveness to price changes.
  

Laguerre Filter:

• The Laguerre Filter uses recursive smoothing techniques to extract meaningful trends while minimizing lag.
  
• The filter line dynamically changes color:
  
• Blue: Upward momentum.
  
• White: Downward momentum.
  
• The Laguerre Alpha parameter adjusts the filter's smoothing intensity, giving users control over its reaction to price fluctuations.
  

Bar Repainting:

• The bar coloring feature adds another layer of visualization by dynamically altering bar colors based on the interaction between the SWMA and Laguerre Filter:
  
• White: Both SWMA and Laguerre Filter are trending upward.
  
• Teal: Both SWMA and Laguerre Filter are trending downward.
  
• Cyan: Divergence between the two (one trending upward, the other downward).