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Published:

2022.04.24 19:45

SmoothStep (generalized).mq5 (14.57 KB) view

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Generalized version of the smooth step indicator (originally posted here : SmoothStep).

This version is using a property of a smooth step that it can be further smoothed - based on Kenneth H. Perlin's (a professor in the Department of Computer Science at New York University) idea

when order 0 is used, it is the same as built in stochastic / 100 (with slowing in stochastic set to 1)
when order 1 is used, it is the same as the smooth step indicator
when any higher order is used, it filters further the signal while keeping the values in the expected ranges

Recommendations:

You can use it in similar ways stochastic
You can use it in any code that needs to have normalized values as inputs

SmoothStep

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SmoothStep (generalized) - indicator for MetaTrader 5