i-SpectrAnalysis_DeMarker – indicator MetaTrader 5

Real author:

klot

This indicator is an example of smoothing the DeMarker indicator timeseries by filtering high-order harmonics.

You can use this approach for smoothing the output of any indicator. The major advantage of this method is that it has practically zero latency.

Indicator input parameters:

input uint DeMarkerPeriod=14;
input uint N = 7;Β Β  // Series length
input uint SS = 20; // Smoothing coefficient
input int Shift=0;Β Β // Horizontal indicator shift in bars

where:

  • N β€” sets the series length (power of two);
  • SS β€” smoothing coefficient in the resulting spectrum zeroes out frequencies exceeding the set value. SS cannot be greater than 2^N. If SS = 2^N, the DeMarker series is repeated.
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This indicator requires the following library:

Fig.1. The i-SpectrAnalysis_DeMarker indicator

Fig.1. The i-SpectrAnalysis_DeMarker indicator


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