SVS_Trend - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

It's a pity that the author didn't include anything to comment on his genius work. Therefore, there is no exhaustive explanation for all generated signals.

There are 10 possible variants that can change the average value of the signal lines in this indicator:

It should be noted that the Phase type parameters of different smoothing algorithms have completely different meanings. For JMA, it is an external phase variable that varies from -100 to +100. For T3, it is the smoothed ratio multiplied by 100 for better visualization; for VIDYA, it is the CMO oscillation period; for AMA, it is the slow EMA period. In other algorithms, these parameters do not affect smoothing. For AMA, the fast EMA period is a fixed value, equal to 2 by default. For AMA, the ratio of raised powers is also equal to 2.

The indicator uses the SmoothAlgorithms.mqh library class (must be copied to terminal_data_folder\MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.

The indicator was originally developed in MQL4 and published in the code base on April 27, 2009.

Attachment download

📎 smoothalgorithms.mqh (133.8 KB)

📎SVS_Trend.mq5 (18.22 KB)

Source: MQL5 #715