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Published:

2016.11.02 15:03

Updated:

2016.11.22 07:32

absolute_strength_-_averages.mq5 (21.84 KB) view

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Absolute strength of averages. It is upgraded to use the possible 18 types of averages in calculation. Signal lines are left in it since I think that it is very useful to see bulls and bears trends change. And signal lines do exactly that (an early warning of bulls and bears trend changes).

Overall trend is still the cross of the main bulls and bears trend. Averages used in it are the usual ones:

0 = SMA
1 = EMA
2 = Double smoothed EMA
3 = Double EMA (DEMA)
4 = Triple EMA (TEMA)
5 = Smoothed MA
6 = Linear weighted MA
7 = Parabolic weighted MA
8 = Alexander MA
9 = Volume weighted MA
10 = Hull MA
11 = Triangular MA
12 = Sine weighted MA
13 = Linear regression
14 = IE/2
15 = NonLag MA
16 = Zero lag EMA
17 = Leader EMA

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Absolute Strength Averages - indicator for MetaTrader 5