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Views:: 4178
Rating:: (8)
Published:: 2018.09.27 16:06

TMAGi.mq5 (14.91 KB) view

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TMAGi is an oscillator based on three moving averages and the +DI and -DI lines of the ADX indicator. It indicates the market state: uptrend/downtrend/flat.

There are seven configurable parameters:

ADX period - ADX calculation period
Fast MA period - fast MA calculation period
Middle MA period - middle MA calculation price
Slow MA period - slow MA calculation price
SMA slowing - SMA smoothing period
LWMA slowing - LWMA smoothing period
Applied price

Calculation:

TSMAGi = SMA(RAW, SMA slowing)
TLWMAGi = LWMA(RAW, LWMA slowing)

where:

RAW = (Abs(FastMA - MiddleMA) + Abs(FastMA - SlowMA) + Abs(MiddleMA - SlowMA))*DI
FastMA = SMA(Applied price, Fast MA period)
MiddleMA = SMA(Applied price, Middle MA period)
SlowMA = SMA(Applied price, Slow MA period)
DI = PlusDI - MinusDI
PlusDI,  MinusDI - +DI and -DI lines of ADX(ADX period)

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21843

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