Smooth price for Monarch MT4
Technical Smooth Price Indicator (Smooth price) is used to construct a smooth line as close to the price of the trading instrument and serves to eliminate its noise components. The indicator is part of the Monarch of the trading system, but here it is presented as an independent technical analysis tool.
The basis of the indicator is a cluster of digital filter which, unlike ClusterSMA project, applied directly to the price time series. Smooth Price not redrawn (except the last one, the zero bar) and is an improved version of the famous eponymous indicator. indicators especially on clustered filters discussed in the author's blog.
dignity
- The lack of lag on the established trend.
- Minimum lag in turns.
- Gently smooth out the noise of price movements.
- Stable on flat.
- Indicators constructed from Smooth Price instead of prices, contain fewer false signals (see sklinshoty).
Options
1. Main setting (basic setup):
- Sensitivity - the sensitivity of the indicator may take the values from 0 to 255.
The highest sensitivity at zero - the exact indicator repeats the price movement. Lowest sensitivity at a value of 255 - the maximum indicator algorithm tries to eliminate the noise of price movements. The default setting is 0. The maximum Limit of 255 due to the "hard" part of the design of the cluster filter.
2. Appearance (appearance):
- Max bars in chart - the maximum number of bars is calculated and displayed in the indicator window at its start or equivalent. The default value is 256 bars. This significantly speeds up the preparation of indicators, including during testing. At zero value of the parameter indicator is calculated on the entire available history. The minimum number of displayed bars - three.
- Recalculation of the last bar - It allows you to select the mode conversion of the last unfinished bar. By default, the Every tick mode. There are three choices:
- Every tick - the last unfinished bar indicator is recalculated every tick. We recommend using this mode if the indicator reading is important in this bar.
- Every new minute bar - the last unfinished bar indicator is recalculated only at the moment of opening of a new bar in the minute timeframe. It is recommended to use this mode on the timeframes than one minute. This reduces the load on the processor and at the same time to track changes indicator readings once a minute.
- Every new bar - the last unfinished bar indicator is recalculated only at the moment of opening of a new bar on the current timeframe. Often the value of the indicator at this bar are not taken into account in determining the signal for the trading . By selecting this option, you can significantly reduce the time of calculation of the indicator, including for testing strategies.
- Color up - color line up.
- Color down - color line down.
- Width - line width.
- Style - style of drawing lines. If the value "Width" equal to 1 except the solid line (Solid) can select a discontinuous (Broken), the dotted (Dotted), the dotted bar (Dash-dot), or a two line - two points (Dash - two points).
3. Alerts (signals).
- Bar of alert - bar number at which the signal is tested (0 - the last unfinished bar). Signals are at a changing trend indicator line. If "Bar of alert" is greater than 0, the signal will only if on said bar and on all subsequent movement of the indicator bar in one direction. Thus, only signals fed in the steady trend, and are ignored in all other cases in to reduce false positives.
- Sound - enabling / disabling audio signal.
- Log - message is printed on the signal in the log.
- Alert - beep sounds in the magazine and in the Open dialog box displays a message about the signal.
- Mail - send an e-mail about the signal to the address listed on the tab in the server settings window "E-Mail".
- Notification - sends a notification to mobile terminals whose MetaQuotes ID specified in the tab window of the terminal settings "Notifications."
Video
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