This indicator is an example of smoothing the Momentum indicator timeseries by filtering high-order harmonics.
You can use this approach for smoothing the output of any indicator. The major advantage of this method is that it has practically zero latency.
Indicator input parameters:
input int MomentumPeriod=14; input ENUM_APPLIED_PRICE MomentumPrice=PRICE_MEDIAN; input uint N = 7; // Series length input uint SS = 20; // Smoothing coefficient input int Shift=0; // Horizontal indicator shift in bars
This indicator requires the following library: https://www.mql5.com/ru/code/7000.
Fig.1. The i-SpectrAnalysis_Momentum indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/13737
The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.Average Directional Movement Index (ADX)
The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.