If you're diving into the world of trading indicators, you'll find there are plenty of ways to make them adaptable rather than sticking to fixed periods. One lesser-known but effective method is leveraging the normalized Average True Range (ATR) to create dynamic calculations.
The double smoothed Exponential Moving Average (EMA) is a prime candidate for adaptation due to its ability to work with fractional periods. Originally detailed in our Double Smoothed EMA article, this indicator is celebrated for delivering smooth results without the added lag that often plagues other indicators.
What’s exciting is that by integrating the ATR, we can enhance the double smoothed EMA to create an even more responsive tool for your trading strategy. Below, you’ll find an illustration of this innovative approach:
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