Description ⋅ Feb 5, 2019 8:34 PM This is a low-lag EMA, colorized to help identify turn around points. You have the option of making it adaptive as well, different methods of signal processing or simply an average of the two. See my previous script to understand how these adaptive methods worktradingview.com/script/1LF6cPby-Cosine-In-Phase-Quadrature-IFM-Ehlers/
Release Notes ⋅ Feb 6, 2019 4:28 PM 1. The ability to color the background is now available. 2. Multiple adaptive settings are available to pick from.
Release Notes ⋅ Feb 6, 2019 4:34 PM Reduced transparency of background color. You can change colors and transparency from the settings menu
Release Notes ⋅ Feb 6, 2019 4:38 PM Option to hide plot also available - in case you already have a bunch of moving averages!