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Re: Various (Specialist) indicators for MT4

mrtools, Tue Apr 26, 2022 2:37 am

Smooth Step Generalized indicator for MT4

From Mladen Rakic:

Generalized version of the smooth step indicator (originally posted here : Smooth Step).

This version is using a property of a smooth step that it can be further smoothed - based on Kenneth H. Perlin's (a professor in the Department of Computer Science at New York University) idea
  • when order 0 is used, it is the same as built in stochastic / 100 (with slowing in stochastic set to 1)
  • when order 1 is used, it is the same as the smooth step indicator
  • when any higher order is used, it filters further the signal while keeping the values in the expected ranges

Recommendations:

  • You can use it in similar ways stochastic
  • You can use it in any code that needs to have normalized values as inputs
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