[MAD] PIDThis is a basic Proportional Integral Differential controller ,
BUT with a modification to reduce the i portion via a recentering speed variable.
Here is its operating principle:
Place a standard MA (sma/ema,...).
Add this indicator and connect the output of the MA to the input.
The result is the "control/correction" parameter which is based on it.
Parameter:
kP = immediate effect of a change in value
kI = long-term impact of a change in value
kIc = reduction of the value at each tick
kD = value of the differential (damping)
on close = subtraction of the close from the output value
InputModule = the data source input indicator
exponent = the power factor of the output
smoother = final smoothing
You will see some updates here when I have some ideas what to do with this indicator :-)
Have fun
