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Published:

2018.06.06 13:10

DMA.mq5 (7.65 KB) view

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The DMA indicator, in which the period parameter is the number of days N in the below calculation formula.

The indicator has two input parameters:

Period - calculation period
Applied price - price used for calculation

The default timeframe is M15. The default calculation period: N = 17.

Calculation:

DMA[i] = E*Price[i]+(1-E)*DMA[i-1],
where
E = D*D,
D = C*2/31+(1-C)*2/3,
C=A/B,
A = Price[i] - Price[i-Period+1],
B = Sum(Price[i]-Price[i-1]) from (i-Period+1) to (i).

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20332

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