EMA NoHesi - cutting noise in EMA and any other data series

Noise is common issue in variety of indicators. NoHesi is my take on reducing this noise.

Moving Averages are great indicators to show and maintain the trend. But sometimes - especially in pullback areas, smooth reversal zones or flat markets - MAs suggest trend changes, while it would be best for them to stay quiet :)

NoHesi function smoothens this noise, without adding unnecessary delay. NoHesi will make MA stay in the same direction as long as the move is not significant. If significant - MAs will report trend-change instantly.

Check the chart for illustration - NoHesi EMA keeps showing the same direction, despite its numerous attempts to change it (marked blue).

NoHesi can be applied to any data series: MAs, RSI , ADX , etc. EMA seemed like the most obvious example, so I used it for this presentation.

Hope it helps in your research!

P.S. When applying this to EMAs in other markets/timeframes, you will need to adjust "hesitation" parameter.

I auto-execute TradingView Alerts into MT4/MT5 using this: 1-second delivery. Ping me if you need support with installation.

本著真正的TradingView精神,該腳本的作者將其開源發布,以便交易者可以理解和驗證它。為作者喝彩吧!您可以免費使用它,但在出版物中重複使用此代碼受網站規則的約束。 您可以收藏它以在圖表上使用。