Kernel Envelope
Kernel regression with an envelope. Gaussian, rational quadratic or Epanechnikov, and a causal mode that never redraws.
About this indicator
What it is Kernel regression weights every bar in the window by distance, so the curve bends into turns instead of lagging through them. Kernels - Gaussian: the standard one - Rational quadratic: mixes bandwidths, holds turns better - Epanechnikov: finite support, faster Fit mode (read this) Two sided mode gives the smooth curve people screenshot, and it redraws recent bars because it fits through data that did not exist yet. Causal mode only looks back. Slight lag, never redraws. Causal is the default, on purpose. Band Mean absolute deviation of price from the estimate, times your multiple. Touches of either side are marked.
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