This indicator is one of the alternatives to the moving averages with less delay and possibility to manage sensitivity ratio.
This indicator was first implemented in MQL4 and published in Code Base at mql4.com 28.02.2008.
Indicator input parameters:
//+-----------------------------------+//| Indicator input parameters      |//+-----------------------------------+inputint period=8;                   // Smoothing periodinputdouble T=0.5;                    // Sensitivity ratio (from 0 to 1)              input Applied_price_ IPC=PRICE_WEIGHTED; // Applied priceinputint Shift=0;                     // Horizontal shift of the indicator in barsinputint PriceShift=0;                // Vertical shift of the indicator in points
