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StepMVA.mq5 (6.38 KB) view

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The Moving Average with step indicator.

It has two input parameters:

The calculation is similar to a Simple Moving Average. However, some prices are excluded from the calculations in accordance with the step size.

If parameters are set to Period = 4 and Step = 2, the calculation will be as follows:

StepMA = (Close[i] + Close[i+2] + Close[i+4] + Close[i+6]) / 4.0

If Step = 1, the indicator is identical to a simple moving average.

Moving Average with step. Period = 4, Step = 2

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22947

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StepMVA - indicator for MetaTrader 5