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 Exp_i-KlPrice Expert Advisor is based on the i-KlPrice histogram breaking through the overbought and oversold levels.Exp_i-BandsPrice
The Exp_i-BandsPrice Expert Advisor is based on the i-BandsPrice histogram breaking through the overbought and oversold levels.