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

This indicator is an example of a smoothing indicator. Balanced Volume 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 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_OBV indicator

Attachment download

📎dt_fft.mqh (28.84 KB)

📎 i-spectranalysis_obv.mq5 (5.5 KB)

Source: MQL5 #13748