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2015.11.04 07:24
MA_RoundingStDev

MA_RoundingStDev - indicator for MetaTrader 5

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850
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votes: 12
\MQL5\Include\

The real author:

BACKSPACE

Description:

The MA_Rounding indicator with additional trend strength indication using colored dots based on the standard deviation algorithm.

If the standard deviation of the MA_Rounding indicator is between the dK1 and dK2 parameter values, then a small colored dot appears on the moving average. Its color corresponds to the current trend direction.

input double dK1=1.5;  // Square-law filter coefficient 1
input double dK2=2.5;  // Square-law filter coefficient 2

If the standard deviation becomes higher than the dK2 input parameter value, then the dot size increases. Thus, we get 3 levels of trend strength indication:

  1. Weak — no dots;
  2. Medium — small colored dots;
  3. Strong — big colored dots.

The indicator uses the СMoving_Average and CXMA classes of the SmoothAlgorithms.mqh library. Working with that class was described in details in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".

Image:

Fig.1. The MA_RoundingStDev indicator

Fig.1. The MA_RoundingStDev indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/14081

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