Hyperbolic
- Indicators
-
Konstantin Gruzdev
Research Engineer. Been programming since 1982. Since 2001, I write software for companies operating in the stock and currency markets. With MetaTrader been working since 2006. Since 2010 an active participant MQL5.Community.
My main creative contribution to the MQL5-coding and the community: - Version: 1.0
- Activations: 5
The indicator is stable on noise fluctuations in price and quickly reacts to the trend. It is based on an algorithm from a system of hyperbolic functions that allows you to aggressively smooth the flat with minimal lag on the trend. It can be applied directly to the price chart, to itself, or to other indicators in order to eliminate false signals.
The main purpose of the indicator is to smooth out small sawtooth price movements as much as possible. The higher the Hyperbolic parameter, the stronger the smoothing. But the algorithm has fast convergence, and sometimes the best choice is to build several indicators from each other.
Recommendations
- Use the indicator to smooth out small price movements to highlight the flat and trend (screenshot 1).
- Take advantage of aggressive hyperbolic smoothing over other indicators (screenshot 2).
- To smooth out greater volatility, use the construction of multiple indicators relative to each other (screenshot 3).
- Use the indicator to smooth out and eliminate false signals from other indicators (screenshot 4).
- Building other indicators from the Hyperbolic line can also be useful for eliminating false signals (screenshot 5).
- To avoid over-optimization of Expert Advisors, select trading instruments where Hyperbolic works well without auxiliary indicators (screenshot 6).
Input parameters
- Hyperbolic - the power of smoothing the noise component of the price. The higher the value, the greater the smoothing.
- Trend sensitivity - the sensitivity of the algorithm to following the price. Zero is maximum sensitivity, the indicator line coincides with the price. The higher the value, the more volatility will be smoothed by the Hyperbolic parameter.
