Smoothed Gaussian Trend Filter [AlgoAlpha]

19 Jan

Experience seamless trend detection and market analysis with the Smoothed Gaussian Trend Filter by AlgoAlpha! This cutting-edge indicator combines advanced Gaussian filtering with linear regression smoothing to identify and enhance market trends, making it an essential tool for traders seeking precise and actionable signals.

Key Features:

1. 🔍 Gaussian Trend Filtering: Utilizes a customizable Gaussian filter with adjustable length and pole settings for tailored smoothing and trend identification.
   
2. 📊 Linear Regression Smoothing: Reduces noise and further refines the Gaussian output with user-defined smoothing length and offset, ensuring clarity in trend representation.
   
3. ✨ Dynamic Visual Highlights: Highlights trends and signals based on volume intensity, allowing for real-time insights into market behavior.
   
4. 📉 Choppy Market Detection: Identifies ranging or choppy markets, helping traders avoid false signals.
   
5. 🔔 Custom Alerts: Set alerts for bullish and bearish signals, trend reversals, or choppy market conditions to stay on top of trading opportunities.
   
6. 🎨 Color-Coded Visuals: Fully customizable colors for bullish and bearish signals, ensuring clear and intuitive chart analysis.
   

How to Use:

• Add the Indicator: Add it to your favorites and apply it to your TradingView chart.
  
• Interpret the Chart: Observe the trend line for directional changes and use the accompanying buy/sell signals for entry and exit opportunities. Choppy market conditions are flagged for additional caution.
  
• Set Alerts: Enable alerts for trend signals or choppy market detections to act promptly without constant chart monitoring.
  

How It Works:
The Smoothed Gaussian Trend Filter uses a combination of advanced smoothing techniques to identify trends and enhance market clarity. First, a Gaussian filter is applied to price data, using a user-defined length (Gaussian length) and poles (smoothness level) to calculate an alpha value that determines the degree of smoothing. This creates a refined trend line that minimizes noise while preserving key market movements. The output is then further processed using linear regression smoothing, allowing traders to adjust the length and offset to flatten minor oscillations and emphasize the dominant trend. To incorporate market activity, volume intensity is analyzed through a normalized Hull Moving Average (HMA), dynamically adjusting the trend line's color transparency based on trading activity. The indicator also identifies trend direction by comparing the smoothed trend line with a calculated SuperTrend-style level, generating clear trend regimes and highlighting ranging or choppy conditions where trends are less reliable and avoiding false signals. This seamless integration of Gaussian smoothing, regression analysis, and volume dynamics provides traders with a powerful and intuitive tool for market analysis.

20 Jan

Nota Keluaran

Added Multi-Timeframe Signals Table.

Added Inputs to enable/disable trend band.

Added Bar coloring.

22 Feb

Nota Keluaran

small changes