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.
Bro i have tested millions og EMA settings but this one actually filters the noise best way possible. Really such a hidden gem. Thank for you sharing this with us. I would rate this one the MUST HAVE EMA indicator out there
PStAntArt
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Just wow! I've tested dozens of moving averages with a ridiculous amount of multiple settings but nothing, I mean NOTHING, is more effective than this one. A big thank you for this awesome script and even more for sharing it :)
JackBerlin
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A real highlight among the EMAs - with adjustable suspension for different racetracks, so to speak - this is now part of the basic equipment for me. Thanks alot!
Chennachshoni.
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Thank you for sharing the strategy. Is there any way to get alert when the main ema changes color?
Kirandeepc
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Nice idea Buddy you are rocking tradingview with your wonderful ideas