Author: klot
If you're looking to elevate your trading game, the i-SpectrAnalysis_OBV indicator is a fantastic tool to consider. This nifty indicator smooths out the On Balance Volume (OBV) timeseries by filtering out those pesky high-order harmonics, giving you clearer insights into market trends.
One of the standout features of this method is its virtually zero latency, which means you can react to market changes in real-time without the frustrating delays often associated with other indicators.
Indicator Input Parameters:
input ENUM_APPLIED_VOLUME VolumeType=VOLUME_TICK; // Volume input uint N = 7; // Series length input uint SS = 20; // Smoothing coefficient input int Shift=0; // Horizontal indicator shift in bars
Here’s a quick breakdown of what these parameters mean:
- N: This sets the series length (must be a power of two).
- SS: The smoothing coefficient that zeroes out frequencies above your set value. Just a heads-up, SS can’t exceed 2^N; if SS equals 2^N, you’ll get a repeat of the OBV series.
To get started with this indicator, make sure you have the necessary library, which you can find here.
Fig.1. The i-SpectrAnalysis_OBV indicator
Related Posts
- Mastering On Balance Volume with COBVOnRingBuffer in MetaTrader 5
- Mastering the On Balance Volume (OBV) Indicator for Trading Success
- Mastering the Open Range Breakout Indicator for MetaTrader 5
- ID Lite Info MA: A Comprehensive Indicator for MetaTrader 5
- Unlocking Trading Insights with Volume Profile + Range v6.0 for MetaTrader 5