i-SpectrAnalysis_RVI - MetaTrader 5 Script - MT4/MT5 Resources

This indicator is an example of smoothing the RVI indicator time series by filtering higher order harmonics.

This method can be used to smooth the values ​​of any indicator. The main advantage of this method is that there is almost no delay.

Indicator input parameters:

 //+------------------------------------------------------------------------+
//|Indicator input parameters |
//+------------------------------------------------------------------------+
Input unit RVIP period = 14 ; // Average period
Input unit N= 7 ; // Number length
Input unit SS= 20 ; // Smoothing factor
input integer shift = 0 ; // shift indicator in horizontal bar

Where:

Indicator operations require the library: https://www.mql5.com/en/code/7000 .

Figure 1. i-SpectrAnalysis_RVI indicator

Attachment download

📎dt_fft.mqh (28.84 KB)

📎 i-spectranalysis_rvi.mq5 (12.52 KB)

Source: MQL5 #16075