Hey I just wanted to know if anyone know about this indicator I wanted to optimize the indicator for my market can anybody help me with it or pls tell me what does Range Multiplier and Sampling Period means in this Indicator

thank you.

//@version=4

//Original Script > @DonovanWall

// Actual Version > @guikroth

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// Settings for 5min chart, BTCUSDC. For Other coin, change the paremeters

//////////////////////////////////////////////////////////////////////////

study(title=”Dashmeeet Script”, overlay=true)

// Source

src = input(defval=close, title=”Source”)

// Sampling Period

// Settings for 5min chart, BTCUSDC. For Other coin, change the paremeters

per = input(defval=100, minval=1, title=”Sampling Period”)

// Range Multiplier

mult = input(defval=3.0, minval=0.1, title=”Range Multiplier”)

// Smooth Average Range

smoothrng(x, t, m) =>

wper = t * 2 – 1

avrng = ema(abs(x – x[1]), t)

smoothrng = ema(avrng, wper) * m

smoothrng

smrng = smoothrng(src, per, mult)

// Range Filter

rngfilt(x, r) =>

rngfilt = x

rngfilt := x > nz(rngfilt[1]) ? x – r < nz(rngfilt[1]) ? nz(rngfilt[1]) : x – r :

x + r > nz(rngfilt[1]) ? nz(rngfilt[1]) : x + r

rngfilt

filt = rngfilt(src, smrng)

// Filter Direction

upward = 0.0

upward := filt > filt[1] ? nz(upward[1]) + 1 : filt < filt[1] ? 0 : nz(upward[1])

downward = 0.0

downward := filt < filt[1] ? nz(downward[1]) + 1 : filt > filt[1] ? 0 : nz(downward[1])

// Target Bands

hband = filt + smrng

lband = filt – smrng

// Colors

filtcolor = upward > 0 ? color.lime : downward > 0 ? color.red : color.orange

barcolor = src > filt and src > src[1] and upward > 0 ? color.lime :

src > filt and src < src[1] and upward > 0 ? color.green :

src < filt and src < src[1] and downward > 0 ? color.red :

src < filt and src > src[1] and downward > 0 ? color.maroon : color.orange

filtplot = plot(filt, color=filtcolor, linewidth=3, title=”Range Filter”)

// Target

hbandplot = plot(hband, color=color.aqua, transp=100, title=”High Target”)

lbandplot = plot(lband, color=color.fuchsia, transp=100, title=”Low Target”)

// Fills

fill(hbandplot, filtplot, color=color.aqua, title=”High Target Range”)

fill(lbandplot, filtplot, color=color.fuchsia, title=”Low Target Range”)

// Bar Color

barcolor(barcolor)

// Break Outs

longCond = bool(na)

shortCond = bool(na)

longCond := src > filt and src > src[1] and upward > 0 or

src > filt and src < src[1] and upward > 0

shortCond := src < filt and src < src[1] and downward > 0 or

src < filt and src > src[1] and downward > 0

CondIni = 0

CondIni := longCond ? 1 : shortCond ? -1 : CondIni[1]

longCondition = longCond and CondIni[1] == -1

shortCondition = shortCond and CondIni[1] == 1

//Alerts

plotshape(longCondition, title=”Buy Signal”, text=”BUY”, textcolor=color.white, style=shape.labelup, size=size.normal, location=location.belowbar, color=color.green, transp=0)

plotshape(shortCondition, title=”Sell Signal”, text=”SELL”, textcolor=color.white, style=shape.labeldown, size=size.normal, location=location.abovebar, color=color.red, transp=0)

alertcondition(longCondition, title=”Buy Alert”, message=”BUY.  {{close}}”)

alertcondition(shortCondition, title=”Sell Alert”, message=”SELL.{{close}}”)