Holt Double Exponential Smoothing (mt4 version) - MetaTrader 4 Script | Trading Script Download - MetaTrader 4 Resources
The name of this indicator may be a bit misleading. Holt's bi-exponential smoothing is primarily used for forecasting, not averaging. A commonly used forecasting method is a linear forecasting method.
Like regression forecasting, biexponential smoothing forecasting is based on the assumption that the model consists of a constant plus a linear trend.
The estimates a and b at time T are based on the observations at time T and the estimates for the previous period T -1.
The expected value of the forecast for future periods is a constant plus a linear term that depends on the number of periods in the future.
To make it usable in two ways (as an average or "average" by forecast, set the number of forecast bars to <= 0, close the forecast section.
As typically used with the prediction part, it is strongly recommended not to use it in signaling mode. The forecast part is a subject of variation and can only be used as an estimate of the trend component of the double smoothing and not as a signal. Alerts in this indicator do not alert on changes in the forecast part, but on changes in the "past" part - this does not change with time in the past
Attachment download
📎 holt_double_exponential_smoothing_2.2.mq4 (10.24 KB)
Source: MQL5 #17082
Holt Double Exponential Smoothing (mt4 version) - MetaTrader 4 script | Trading script download - MetaTrader 4 resource usage and screening suggestions
Holt Double Exponential Smoothing (mt4 version) - MetaTrader 4 script | Trading script download - MetaTrader 4 resources are trading script related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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