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Indicators

Modified_Moving_Average - indicator for MetaTrader 5

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Views:
1365
Rating:
votes: 8
Published:
2018.09.27 16:02

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 Software Corp.
Original code: https://www.mql5.com/ru/code/21840

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