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

This indicator is an example of a smoothing indicator . Larry Williams' Percent Range indicates a time series by filtering out 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_WPR indicator

Attachment download

📎dt_fft.mqh (28.84 KB)

📎 i-spectranalysis_wpr.mq5 (5.72 KB)

Source: MQL5 #13757