Corrected Double-Smoothed Wilder EMA with Floating Levels

Summary

This document describes an indicator built from Wilder’s double-smoothed exponential moving average, adjusted using a method attributed to Alexander Uhl. It adds floating levels around the indicator and offers several ways to display color changes: crossings of the outer levels, crossing a middle reference level, a change in slope, or a cross between the original and corrected values.

The suggested use is to treat those color changes as signals. The document does not specify the calculation parameters, provide trading rules for interpreting each signal, or show performance evidence. It therefore introduces the indicator’s components and possible visual cues, but leaves validation, market selection, and risk controls to the user.

Key ideas

• The indicator applies a correction method attributed to Alexander Uhl to Wilder’s double-smoothed EMA.
• Floating levels provide outer and middle reference points for interpreting the indicator.
• Color changes can be triggered by level crossings, slope changes, or crosses between original and corrected values.
• The document suggests using color changes as signals but gives no evidence of their trading performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.