Volume weighted line chart with smoothing – indicator MetaTrader 5

Volume weighted line chart with smoothing - indicator for MetaTrader 5
A simple indicator to make a smoother line chart while also using tick volume to determine the market direction. The basic idea is to give you the true direction of where the market is moving. When compared to the line chart, you can see that it is ignoring short noisy market movements. Smoothing can be … Read more

Bollinger Bands with pre outer band smoothing – indicator MetaTrader 5

Bollinger Bands with pre outer band smoothing - indicator for MetaTrader 5
The premise of this Bollinger Bands indicator is that the outer bands can be individually controlled via smoothing. Changing the smoothing period on the upper band does not have to reflect any change on the lower band, and likewise changing the smoothing period on lower band does not have to reflect any change on the … Read more

Bollinger Bands with post outer band smoothing – indicator MetaTrader 5

Bollinger Bands with post outer band smoothing - indicator for MetaTrader 5
Another offshoot of the Bollinger Bands. The concept of post smoothing on the outer bands is to smooth the upper and lower band individually after the standard deviation calculation has taken place. This can provide a very smoothed upper and lower band. The smoothing of the upper band doesn’t have to reflect a change on … Read more

Chaikin Volatility Index With a Smoothing Algorithm Selection – indicator MetaTrader 5

XCHV
The main difference of this indicator from its standard equivalent is the possibility to change the smoothing algorithm by selecting an appropriate one out of ten algorithms present: SMA – simple moving average; EMA – exponential moving average; SMMA – smoothed moving average; LWMA – linear weighted moving average; JJMA – JMA adaptive average; JurX … Read more

Holt’s double exponential smoothing – indicator MetaTrader 5

Holt's double exponential smoothing - indicator for MetaTrader 5
The name of the indicator might be a bit misleading. Holt’s double exponential smoothing is mostly used for forecasting, not as an average. The forecasting method usually used with it is a sort of linear forecasting. – Double Exponential Smoothing   Like the regression forecast, the double exponential smoothing forecast is based on the assumption of … Read more

Holt’s double exponential smoothing (mt4 version) – indicator MetaTrader 4

Holt's double exponential smoothing (mt4 version) - indicator for MetaTrader 4
The name of the indicator might be a bit misleading. Holt’s double exponential smoothing is mostly used for forecasting, not as an average. The forecasting method usually used with it is a sort of linear forecasting – Double Exponential Smoothing   Like the regression forecast, the double exponential smoothing forecast is based on the assumption of … Read more

Holt’s double exponential smoothing trend – indicator MetaTrader 4

Holt's double exponential smoothing trend - indicator for MetaTrader 4
Holt’s double exponential smoothing, but showing only the trend component Even though the Holt’s double exponential smoothing is usually used in a sort of an “on-chart average like” indicator with a forecasting part, this version is showing what is not seen in that type of display. The trend component is an integral part of the … Read more

Holt’s double exponential smoothing trend – indicator MetaTrader 5

Holt's double exponential smoothing trend - indicator for MetaTrader 5
Holt’s double exponential smoothing, but showing only the trend component. Even though the Holt’s double exponential smoothing is usually used in a sort of an “on-chart average like” indicator with a forecasting part, this version is showing what is not seen in that type of display. The trend component is an integral part of the … Read more

Schaff trend cycle – adjustable smoothing – indicator MetaTrader 5

Schaff trend cycle - adjustable smoothing - indicator for MetaTrader 5
Well known Schaff trend cycle is, no doubt, useful indicator.But it has some things that can be changed. One is that it has a fixed smoothing factor hard-coded in the formula itself. This version changes that and allows you to use variable smoothing for the cycle smoothing. In some cases that can help avoiding some … Read more