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Views:: 4294
Rating:: (11)
Published:: 2018.04.18 17:22

HAEMA3.mq5 (14.53 KB) view

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This indicator is a moving average built on Heiken Ashi candlesticks.

It has two parameters:

Period - calculation period;
Method - calculation method.

Calculation formulas:

MA1 = MA(HA_Close),
MA2 = MA(MA1),
MA3 = MA(MA2)

where:

HA_Close[i] = ((Open[i] + High[i] + Low[i] + Close[i])/4 + HA_Open[i] + Max(High[i],HA_Open[i]) + Min(Low[i],HA_Open[i]))/4,
HA_Open[i] = ((Open[i+1] + High[i+1] + Low[i+1] + Close[i+1])/4 + HA_Open[i+1])/2.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20216

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