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Published:

2018.09.27 16:02

Modified_Moving_Average.mq5 (8.77 KB) view

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The Modified Moving Average indicator. It was described in "Stocks & Commodities" in January, 2000.
The indicator has small lagging.

It has two input parameters:

Period - calculation period
Applied price

Calculation:

MMM = MA + 6 * Slope / K

where:

MA - SMA(Applied price, Period)
Slope = Sum (Applied price * (Period-Factor)/2) in the range of 'Period'
Factor = 1 + 2*(N-1)
N = values from 1 to Period in the range of 'Period'
K = Period*(Period+1)

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21840

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