What is ?
( ) is similar to the ( ), but automatically adjusts the smoothing weight based on price .
How to use:
GREEN : Up trending
LIGHT GREEN : Up trend reversal might occur.
RED : Down trending
LIGHT RED : Down trend reversal might occur.
NOTE: BAR COLORS are set to TRUE by default!
Follow for more indicators: https://www.tradingview.com/u/dman103/#p...
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.
Premium Pivot Points Algo Indicator: https://www.tradingview.com/script/LFBaHNuA-Pivot-Points-Algo/