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Indicators

Time_Averaged_Price - indicator for MetaTrader 5

Scriptor | English Русский 中文 Español Deutsch 日本語 Português

Views:
1353
Rating:
votes: 10
Published:
2018.12.18 19:15

Time Averaged Price draws the line with its values calculated by prices in a specified range.

It has two configurable parameters:

  • Period - calculation period
  • Applied price

The calculation depends on the selected calculation price:

  • Close price: TAP = Close[Period-1]
  • Open price: TAP = Open[Period-1]
  • High price: TAP = Max
  • Low price: TAP = Min
  • Median price: TAP = (Max+Min)/2.0
  • Typical price: TAP = (Max+Min+Close)/3.0
  • Weighted price: TAP = (Max+Min+2.0*Close)/4.0

where:

Min, Max - Low and High prices in the Period range

Fig. 1. Time Averaged Price, Close


Fig. 2. Time Averaged Price, High


Fig. 3. Time Averaged Price, Low


Fig. 4. Time Averaged Price, Median


Fig. 5. Time Averaged Price, Weighted

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/22512

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