Introduction: This script is a technical indicator for financial markets, designed to provide traders with a smoothed version of an asset's price using Brown's exponential smoothing method. The indicator adjusts the smoothing parameter based on the volatility of the asset, resulting in a smoother plot with less volatility and a quicker response to price changes...
Brown's Exponential Smoothing Tool (BEST) is a script for technical analysis in financial markets. It is designed to smooth out price fluctuations and identify trends in a given time series data. The script begins by defining the "BEST" indicator, which will be overlaid on top of the chart. The user can then specify the source of the data (e.g. close price) and...
This script is a PineScript implementation of the Triple Exponential Moving Average (TEMA) indicator, which is a trend-following indicator used in technical analysis. The TEMA attempts to reduce the lag present in other moving averages by using a triple exponential smoothing technique. The script begins by declaring the function "indicator" with the name "TBES",...
The Double Browns Exponential Smoother (DBES) is a trend-following indicator that reduces the lag present in other moving averages by using a double exponential smoothing technique. It takes in the source data and a smoothing factor as input and produces a smoothed version of the source data. The DBES is then calculated as the difference between twice the output...