Also, mladen if you get a chance and feel it would be worth it, can you do a smoothed "for EA" version of the attached indicator - a la color deviations for EA.
Thanks for all your excellent work!
Market Profilex draws market profile and some sort of pivots from the profile!
Not sure what to call it, the idea was posted in public section, added mtf wanting to make it a multicolor histo but haven't figured it out, anyway calling it Stochastic Cycle due to how it was described in public section!
ps) was informed of a coding error(thanks Mladen), fixed the error the name is the same so just have to redownload the new version and replace it with the correct version!
What does SmoothPhase on the CCI indicator do?
Firstly there is an error in section number 28 of this post. It says "To turn of the smoothing, set the SmoothPhase to less than or equal to 1." but it should be the SmoothLength not SmoothPhase and the "of" should be an off. Minor errors, no big deal.
My real question is what does the SmoothPhase of this CCI indicator do? Looking at this code taken from the incicator:
It seems like the working range of SmoothPhase values is from -100 to +100. Whatever it does, it seems to have little impact on the result compared to adjusting the SmoothLength.
PS: Thank all of you who inspired and worked on the Fourier transform indicator. Lot's of fun to be had playing with a leading indicator instead of all the lagging ones.
Your remark is correct ; in explanation it really should state "SmoothLength" and not "SmoothPhase" but as far as I see it is saying "SmoothLength" at the post where the indicator is posted so ...
As of phase description - best place to read of it is here: https://www.mql5.com/en/forum/179011 (even though the iSmooth() function is not the same any more as the jurik filter - significant changes done in the whole thing, and the result differ especially for longer periods) or you can read about it here : JMA (just to quote the significant part :
JMA not only allows you to select "smoothness", but you can also fine tune with its PHASE setting. PHASE lets you customize a trade-off between lag and overshoot, giving you greater control over JMA's behavior.
Guess you can call these a sort of market sentiment indicators, i found !
Thank you for your succinct explanation and for the links for further reading.
This Stoch Cycle is very good - mtf but good:
How can we install? ...everything inside the zip "stockmarket":
I guess "shdocvw" in library and others?
I'm not sure where exactly they go, but i just left them in the folder(removed from zip though) and have the folder in my desktop and open the file called market watch, this is the one in the picture. Would just leave everything in folder and maybe copy the one called market watch to wherever convenient to you, think this would work but to be honest haven't tried it!