theheirophant

Time Series Lag Reduction Filter by Cryptorhythms

Time Series Lag Reduction Filter by Cryptorhythms

Description
A little filter to reduce lag on any time series data. Here we use an EMA to demonstrate how it works, but you could use it in many different ways/appications.

This method can cause overshoot if you get too aggressive with the "lagReduce" setting. In this case lower the lagReduce variable.

πŸ‘ We hope you enjoyed this indicator and find it useful! We post free crypto analysis, strategies and indicators regularly. This is our 76th script on Tradingview!
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.

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Comments

500 coins
Reply
Hi Theheirophant,
It was a great idea. Thanks for that. I have further worked on the concept. Now users have variety of Mov Avg to select from.
+3 Reply
@Chakku, well done on your first script mate!
+1 Reply
@Chakku, very nice improvement
Reply
Chakku blackcat1402
@blackcat1402, Thank You Sir!
Reply
thanks for sharing. i think it could be a potential powerful indicator
+1 Reply
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