The FIR (finite impulse response) Filters Of Price Change indicator calculates a smoothed-out value of the difference between close and open price based on the smoothing function selected by the user. By default, it calculates a simple moving average of this value. In the input parameters, you can also select a window function to be used for the smoothing: Triangle, Hamming, or Hann.
In addition to the smoothed-out value, this indicator also calculates its rate of change and displays it as a separate plot.
||The function to be used for data smoothing: simple moving average, Triangle weighting, Hamming window, or Hann window.|
||The length of the smoothing indicator.|
The weight given to the first and the last data point (in degrees, only used when Hamming is selected in
||The Finite Impulse Response plot.|
||The rate of change of Finite Impulse Response.|
||The zero level.|
FIR_FiltersOfPriceChange with other windowing filters
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.