AIS Simple Linear Smoothing MT5
This indicator implements the process of simple linear smoothing.
One of the disadvantages of exponential smoothing is the rapid attenuation of the signal. This does not allow for a full-fledged monitoring of long-term tendency of a price series. Linear smoothing allows fine-tuning the signal filtering.
The indicator is configured by selecting the parameters:
- LP - period of smoothing. The higher the value, the more long-term tendencies are displayed by the indicator. Valid values are from 0 to 255.
- SP - sensitivity of the indicator. The higher the value, the greater the influence of the recent values in the price series. If the parameter is set to zero, the indicator displays a simple moving average with a period of LP+1. Valid values are from 0 to 255.