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Same with more config options and better behavior and control:
How be interpreted the control "Response Speed" in Hz?

Ah.
First, what this filter does is increase the clipping level if there's a sudden increase in the amount of clipping.
Now say you play a tone of 10 Hz, and the response speed is also set to 10 Hz. At the first top in the waveform, that's a big rise in clipping, so the clipping level is increased. Now, when this top is gone, the clipping level used for calculations is reduced (similar to what happens in a compressor); and since the response speed is set to 10 Hz, the moment it reaches the bottom of valley that comes after the peak, the level would have dropped far enough to allow another peak to get through (but the peak is already there so the clipping level is not increased anymore).
Now if you would instead play a 5 Hz tone, the calculated level would have dropped much further and the valley - and each following peak - would again cause an increase in the clipping level.
If you don't understand what I wrote (which I can very well imagine) I can draw an image, that's probably much clearer.