This indicator is an example of smoothing the Moving Average 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
The resulting indicator is implemented as a cloud between the smoothed average and smoothed Close price.
Indicator input parameters:
input uint MAPeriod=13;
input ENUM_MA_METHOD MAType=MODE_EMA;
input ENUM_APPLIED_PRICE MAPrice=PRICE_CLOSE;
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_MA indicator
Author: Nikolay Kositsin