almostprofitable101 wrote: Wed Nov 13, 2024 11:33 am
hello i was wondering if it is possible to add 2 color to this indicator i believe its some MA type ?
Sadukey Digital Filters indicator (lines version) with Color Change on Slope
The "Sadukey" indicator integrates two digital filters on a chart to provide an evaluation of the prevailing trend.
In Mladen's description of this code he explained that the specific characteristics of the digital filters remain unclear and that it is highly likely that these filters were created using the digital filter generator accessible for MetaTrader 4, and subsequently incorporated into this indicator.
Regardless of the absence of adjustable parameters for modifying the indicator's functionality, it appears to be a valuable tool and, at first glance, a dependable option for trend traders.
What exactly does the code contain?
Upon inspection of the code, the indicator seems to be designed to identify and visualize trends and price action by using varying weights to different price bars (by using weighted moving averages) on the historical price data. This emphasizes on more recent data, which can help in detecting trends and smooth out price fluctuations over a standard SMA.
Try!