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Indicators

MinMax_MA - indicator for MetaTrader 5

Scriptor | English Русский 中文 Español Deutsch 日本語 Português

Views:
1313
Rating:
votes: 13
Published:
2018.03.01 11:58
MinMax_MA.mq5 (7.52 KB)view

The indicator draws a moving average line calculated based in the low and high prices over the given interval of bars.


Calculation formula

MinMaxMA[i] = (Min + Max)/2

where Min, Max are the lowest and the highest prices in the range between (i-Period + 1) and (i).

It has two parameters:

  • Period - calculation period;
  • Applied price - price used for calculations.

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/19958

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