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Published:

2018.07.13 16:00

DiffMA.mq5 (9.15 KB) view

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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

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DiffMA - indicator for MetaTrader 5