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Views:: 4708
Rating:: (13)
Published:: 2018.12.28 13:10
Updated:: 2019.01.17 11:29

Sylvain_Vervoort_rainbow_moving_average.mq5 (13.66 KB) view

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Sylvain Vervoort Rainbow Moving Average

It has one adjustable parameter:

Period - calculation period

Calculations:

SVRMA = Value / 20.0

where:

Value = 5.0 * MA1 + 4.0 * MA2 + 3.0 * MA3 + 2.0 * MA4 + MA5 + MA6 + MA7 + MA8 + MA9 + MA10

MA1 = SMA(Close,Period)
MA2 = LWMA(MA1, Period)
MA3 = LWMA(MA2, Period)
MA4 = LWMA(MA3, Period)
MA5 = LWMA(MA4, Period)
MA6 = LWMA(MA5, Period)
MA7 = LWMA(MA6, Period)
MA8 = LWMA(MA7, Period)
MA9 = LWMA(MA8, Period)
MA10= LWMA(MA9, Period)

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22696

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Sylvain_Vervoort_rainbow_moving_average - indicator for MetaTrader 5