HTF Dynamic EMA Smoothing Indicator [CHE] with Kernel Selection

18 Jun

The Dynamic EMA Smoothing Indicator [CHE] with Kernel Selection is a powerful Pine Script indicator for TradingView designed to smooth moving averages and identify market trends more clearly. Here is a detailed description of its functionalities and settings:

Main Functions:

1. Time Period Display:
- Option to show or hide an info box displaying the current time period.
- Customizable info box: Users can adjust the size, position, and colors of the info box to suit their preferences.

2. Timeframe Type Selection:
- Auto Timeframe: Automatically calculates the best timeframe based on the current resolution.
- Multiplier: Allows using an alternate timeframe as a multiple of the current resolution.
- Manual Resolution: Users can manually set a specific timeframe.

3. Colors:
- Custom colors for various graphical elements, including EMA lines and signals.

4. Basic Settings:
- EMA and Signal Periods: Defines the periods for the exponential moving averages (EMA) and signal lines.
- Smoothing Length and Kernel Type: Allows selecting the smoothing length and the type of kernel used for weighting the EMAs.
- ATR Multiplier: Defines the multiplier for the ATR (Average True Range) to identify relevant price ranges.

5. EMA Calculations:
- The indicator calculates a weighted EMA using several methods like Linear, Exponential, Epanechnikov, Triangular, and Cosine kernels.
- Smoothing is achieved by adding and removing values in a float array that stores the EMA values.

6. Plotting EMA and Signal Lines:
- The indicator plots the smoothed EMA and signal lines on the chart. The line colors change according to the trend direction (green for uptrend, red for downtrend).

7. Trading Signals:
- Long Signals: An upward arrow is displayed when the smoothed EMA indicates an uptrend.
- Short Signals: A downward arrow is displayed when the smoothed EMA indicates a downtrend.
- Alert Conditions: Alerts are triggered when long or short signals are detected.

8. ATR Bands:
- The indicator shows upper and lower ATR bands to identify potential support and resistance zones.

9. Time Period Display on Chart:
- A table is used to display the selected time period on the chart when the corresponding option is enabled.

This indicator offers extensive customization and allows traders to conduct complex market analyses using smoothed EMAs and custom timeframes. The integration of various kernels for smoothing makes it a versatile tool adaptable to different trading strategies.