Moving average wing averaging of the linear combination of the input price timeseries.
The moving average, just like any other indicator, can be calculated only based on 7 price constants. This modification of the moving average allows to calculate the indicator based on any combination of the 4 main price types (close, open, high, low). For this purpose, four coefficients are used as the indicator's input parameters:
Resulting formula of the weight constant:
Price = (Close_coef*CLOSE + Open_coef *OPEN + High_coef*HIGH + Low_coef*LOW) / (Close_coef + Open_coef + Open_coef + High_coef + Low_coef );
The indicator uses SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".
The original indicator was developed in the MQL4 language and published in the CodeBase on 11.11.2012.
Fig1. The Imp_XMA indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/11377
Symbol for downloading the history data for the current symbol with indication of progress.YURAZ_RSAXEL Script draws the Axel Rudolph levels
Script draws the Axel Rudolph levels