Author: klot
If you're looking to elevate your trading game, the i-SpectrAnalysis indicator for MetaTrader 5 is a must-try. This innovative tool smooths out price time series by filtering out higher-order harmonics, which can be a game changer for your trading strategy.
One of the standout features of this indicator is its ability to provide smooth readings without any delay. That means you get real-time insights that can help you make informed decisions on the fly.
Indicator Input Parameters:
//+-----------------------------------+ //| Input parameters of the indicator | //+-----------------------------------+ input uint N = 7; // Series length input uint SS = 20; // Smoothing coefficient input int Shift=0; // Horizontal shift of the indicator in bars
Here's a quick breakdown of the parameters:
- N: This specifies the series length and should be a power of two.
- SS: This is the smoothing coefficient. It essentially zeroes out any frequency ratios that exceed the specified value. Keep in mind that SS shouldn't exceed 2^N, and if SS equals 2^N, the close series will fully repeat itself.
To use this indicator, make sure you have the required library installed. It was first introduced in MQL4 and made its debut on CodeBase back on November 23, 2006.
Fig.1. i-SpectrAnalysis Indicator
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