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Indicators

ALMA(Arnaud Legoux Moving Average) - indicator for MetaTrader 5

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Views:
5153
Rating:
votes: 14
Published:
2012.12.12 10:03
Updated:
2016.11.22 07:32
alma_v2.mq5 (7.46 KB)view

The real author:

Arnaud Legoux & Dimitris Kouzis-Loukas

This Moving Average uses curve of the Normal (Gauss) distribution which can be placed by Offset parameter from 0 to 1. This parameter allows regulating the smoothness and high sensitivity of the Moving Average. Sigma is another parameter that is responsible for the shape of the curve coefficients. A more detailed description of the ALMA can be found at the author's website.

There is the possibility to highlight the trend direction in the indicator by color.

Also a built-in algorithm of drawing the indicator for the high timeframes is used.

Image:

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1175

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