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Indicators

EMA_With_Trend_Adjustment - indicator for MetaTrader 5

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Views:
751
Rating:
votes: 5
Published:
2018.07.13 15:33

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 1. Trend component is not used.

Fig. 2. Trend component is used.

Fig. 2. Trend component is used.

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/21232

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