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You liked the script? Try it in the MetaTrader 5 terminal
DiffMA - indicator for MetaTrader 5
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- 2746
- Rating:
- Published:
- 2018.07.13 16:00
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The indicator represents two moving averages calculated based on the range of one-direction candlesticks.
One MA is for bullish range, the other one is for bearish candlesticks.
It has two configurable parameters:
- Period - calculation period (candlestick range)
- Applied price - calculation price
Calculations:
UP = SumUp / CountUp
DN = SumDn / CountDn
where:
SumUp = Sum of SMA(Applied price, 1) for all bullish candlesticks within the Period
SumDn = Sum of SMA(Applied price, 1) for all bearish candlesticks within the Period
CountUp - number of bullish candlesticks within the Period
CountDn - number of bearish candlesticks within the Period
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21316
DiffMA_Histogram
Difference of two moving averages within the range of one-direction candlesticks
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