Join our fan page
EMA_With_Trend_Adjustment - indicator for MetaTrader 5
- Views:
- 3149
- Rating:
- Published:
- 2018.07.13 15:33
- Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
EMA_With_Trend_Adjustment - a moving average with exponential smoothing and correction by its trend component.
The indicator has four configured parameters:
- Alpha - coefficient to calculate EMA;
- Beta - coefficient to calculate the trend component;
- Use Trend Adjustment - whether to use correction by trend (Yes/No);
- Applied price - price used for calculations.
Calculations:
EMATA = Alpha * Price + (1-Alpha) * (PrevEMATA + Trend) Trend = Beta * (EMATA - PrevEMATA) + (1 - Beta) * PrevTrend
where:
Price - SMA(1, Applied price)
Fig 1. Trend component is not used.
Fig. 2. Trend component is used.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21232
Indicator DI_Cluster represents three indicators ADX with different parameters. Unlike standard ADX, the threshold levels of DI Cluster are not constant, but are determined by the intersections of three indicator lines. You can choose any of the three lines of standard ADX to be displayed: ADX trend strength lines themselves and line +DI or -DI.
CIIndicator CI (Congestion Identifier). It displays within how many bars before the current one the price was within the channel formed by the Close price of the current bar +/- Delta in points. It also displays the counter value threshold level and the marks, in which the counter is above or below that level.