A kernel as a weighting function was used by Nadaraya and Watson in 1964 to estimate values as a locally weighted average. This produces a smoothed (non-causal) value that can be used to estimate future values. Mladen published the MQL version at MQL source library, basing it off of an indicator developed by luxAlgo for different trading platforms.
Recommendations...
- Use it for discretionary estimates only,
- never use it in any signaling mode.
- But again, it is "discretionary"... In another context, you can only blame yourself, and not the creator. ; )=
To download the current release... Click this >>> download/file.php?id=3449505
For more info about this system... Click this >>> viewtopic.php?f=578267&t=8473253
