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Views:: 3918
Rating:: (10)
Published:: 2018.06.06 13:55

ITrendMA.mq5 (7.91 KB) view

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Instantaneous Trendline by J.Ehlers is calculated by the following formula:

If i<=7:

ITrend[i] = (Price[i] + 2*Price[i-1] + Price[i-2])/4

If i>7:

ITrend[i] = c1*Price[i] + c2*Price[i-1] - c3*Price[i-2] + c4*ITrend[i-1] - c5*ITrend[i-2]

where

c1 = Alpha - 0.25*Alpha*Alpha,
c2 = 0.5*Alpha*Alpha,
c3 = Alpha - 0.75*Alpha*Alpha,
c4 = 2*(1 - Alpha),
c5 = (1 - Alpha)*(1 - Alpha),
Alpha = 2/(Period + 1)

The indicator has two input parameters:

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

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20421

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Interpolation

Polynomial interpolation.

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An indicator of StopLoss levels.

ITrendMA - indicator for MetaTrader 5