Gaussian Channel [DW]This study is an experiment utilizing the Ehlers Gaussian Filter technique combined with lag reduction techniques and true range to analyze trend activity.
Gaussian filters, as Ehlers explains it, are simply exponential moving averages applied multiple times.
First, beta and alpha are calculated based on the sampling period and number of poles specified. The maximum number of poles available in this script is 9.
Next, the data being analyzed is given a truncation option for reduced lag, which can be enabled with "Reduced Lag Mode".
Then the alpha and source values are used to calculate the filter and filtered true range of the dataset.
Filtered true range with a specified multiplier is then added to and subtracted from the filter, generating a channel.
Lastly, a one pole filter with a N pole alpha is averaged with the filter to generate a faster filter, which can be enabled with "Fast Response Mode".
Custom bar colors are included.
Note: Both the sampling period and number of poles directly affect how much lag the indicator has, and how smooth the output is.
Larger inputs will result in smoother outputs with increased lag, and smaller inputs will have noisier outputs with reduced lag.
For the best results, I recommend not setting the sampling period any lower than the number of poles + 1. Going lower truncates the equation.
Gaussian
NG [All Moving Averages]Collection of some of the best moving averages.
I've tried to collect them all but TV became so slow, that it was completely unusable.
So i left only those that performs best on various backtest systems.
NG [Gaussian Filter Multi-Pole]When smoothing data there is always a trade-off between lag and removal of noise.
Gaussian filter has a consistently low lag and a very smooth curve.
This filter works for poles higher than the 4 (usual usage).
Mathematically maximum poles is 15 after which coefficients are too high to see any difference.
By tuning Lag and number of Poles you can achieve a very smooth MA with least lag possible.
It's just as good as 3rd gen moving averages and can be used as input feed for other indicators.
Gaussian smoothGaussian smooth of price. Colour telling the momentum bending (= second diff). Port of mq4 indicator.
Tip jar: 165PuWddQdWynFf3fmNi6tVCG6gWf4usKG. Thank you.
