Holt’s double exponential smoothing, but showing only the trend component.
The Holt’s double exponential smoothing is usually used in a sort of an “on-chart average like” indicator with a forecasting part, this version is showing what is not seen in that type of display. This trend component is integral part of double exponential smoothing and this version of indicator is showing that part only instead of showing the on-chart value.
In example we left the Holt’s double exponential smoothing indicator too for comparison reasons. The trend has nothing in common with the slope of the on-chart Holt’s double exponential smoothing value. They are not the similar and they should not be treated as same. Not even their slopes are the same. For that reason the “trend” version should be used with its own rules, then like the on-chart version but it might be a good combination to use the two on the same chart for confirmation of each other. The trend version can shed some more light on the forecast part of the on-chart version. So In this version here is alerts as well, they are triggered on zero line cross
Holt’s double exponential smoothing trend MT4 Indicator – Download Instructions
In order to transform accumulated history data, you need to install a MetaTrader 4
Holt’s double exponential smoothing trend – it is a MetaTrader 4 indicator that allows you to detect several changes and dynamics in price that many traders can’t estimate or see without an indicator, which highlights its essence and usage.
Accordingly, traders can draw conclusions and make estimates about how the prices will change based on the information they have and then they can modify their strategy for better trading.
How To Install Holt’s double exponential smoothing trend MT4 indicator for MetaTrader 4.mq4?
Download indicator for MetaTrader 4.mq4Copy Holt’s double exponential smoothing trend MT4 to Directory / experts / indicators /
Start or restart your Metatrader 4 Client
Select Chart and Timeframe where you want to test your mt4 indicator
Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client
Right click on Holt’s double exponential smoothing trend MT4 for MetaTrader 4.mq4
Attach to a chart
Modify settings or press ok
Indicator for MetaTrader 4.mq4 is available on your Chart
How to remove Holt’s double exponential smoothing trend MT4 Indicator for MetaTrader 4.mq4 from your Metatrader 4 Chart?
Select the Chart where is the Indicator running in your Metatrader 4 ClientRight click into the Chart
“Indicators list”
Select the Indicator and delete
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