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.
This indicator requires the following library:
Fig.1. The i-SpectrAnalysis_DeMarker indicator