If you're on the hunt for effective trading tools, you might want to check out the SmoothStep indicator. This is a generalized version that builds on the original concept, which you can find here.
What sets this version apart is its ability to smooth signals even further, based on the innovative work of Kenneth H. Perlin, a professor in the Computer Science department at New York University.
How SmoothStep Works
Here’s a quick rundown of how the different order settings work:
- Using order 0 gives you the same output as the built-in stochastic at 100, with the slowing set to 1.
- When you set it to order 1, it mirrors the original SmoothStep indicator.
- Opt for a higher order, and it will filter the signals even more while keeping values within expected ranges.
Tips for Using SmoothStep
Recommendations:- When submitting your code, give it a meaningful name along with a brief description.
- Include a short explanation to help users understand how to use it effectively.
- Don’t forget to add illustrative images where necessary to enhance clarity.
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