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

This indicator is an example of a smoothing indicator.Bear Power indicates time series by filtering higher harmonics.

You can use this method to smooth the output of any indicator. The main advantage of this approach is that it has almost zero latency.

Indicator input parameters:

 Input units force period = 13 ; input ENUM_MA_METHOD MA type = mode_EMA ; input ENUM_APPLIED_VOLUME volume type = volume_scale ; // volume
Input unit N= 7 ; // Series length
Input unit SS= 20 ; // Smoothing coefficient
Enter integer shift = 0 ; // indicator moves horizontally (in bars)

Where:

This indicator requires the following library: https://www.mql5.com/ru/code/7000 .

Figure 1. i-SpectrAnalysis_BearsPower indicator

Attachment download

📎dt_fft.mqh (28.84 KB)

📎 i-spectranalysis_bearspower.mq5 (5.45 KB)

📎 i-spectranalysis_bearspower_color.mq5 (6.29 KB)

Source: MQL5 #13766