Adaptive Exponential Moving Average

This indicator was originally developed by Vitali Apirine (Stocks & Commodities V. 37:5 (April, 2019): Adaptive Exponential Moving Average).

This is his second modification of Kaufman Moving Average. In essence, the idea remains the same as in the previous (): the smoothing constant is calculated as a special ratio between the current price and highest/lowest prices for a given period.

In combination with EMA you can obtain a trading system based on double crossovers:

• Long, when AEMA crosses up EMA
  
• Short, when AEMA crosses down EMA
  

Source code on request