Holt Double Exponential Smoothed Trend - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources

Holt double exponential smoothing, but only shows the trend component

Even though Holt Bi-Exponential Smoothing is typically used for indicators similar to "Chart Average" with a forecast section, this version shows something not seen in that type of display. The trend component is the component of double exponential smoothing. This version of the indicator only displays that component instead of showing the values ​​on the chart.

As can be seen, it is useful oscillator and after some experiments can work like any other oscillator like trend search indicator,

I left the example of the Holt Double Exponential Smoothing indicator also for comparison reasons. As you can see, the trend doesn't make any sense with the slope of the Holt Double Exponent on the chart for the same smooth value. They are not the same and should not be considered the same. Even their slopes are different. Because of this, the "trend" version should be used with it's own rules (more like MACD like rules, but without signal lines) then like the on chart version, but it's probably a good combination to use both on the same chart for confirmation of each other (whichever you decide to use as the main). There is also a trend version to get a clearer view of the forecast section on the chart

Attachment download

📎 holt_double_exponential_smoothing_trend.mq4 (8.82 KB)

Source: MQL5 #17084