CERDOnArray class is designed to calculate the Efficiency Ratio (ER) used in the Adaptive Moving Average (AMA) considering price movement direction. When the price is moving upwards the indicator has positive values, when it is moving downwards, - negative ones.
Init() method with the following parameter is called in the OnInit() function:
Solve() method with the following parameters is called in the OnCalculate() function:
Test_ERDOnArray.mq5 is a sample indicator showing CERDOnArray class application. IncERDOnArray file must be placed to MQL5\Include\IncOnArray of the terminal data folder (IncOnArray folder must be created).
Adaptive Moving Average (AMA) Technical Indicator is used for constructing a moving average with low sensitivity to price series noises and is characterized by the minimal lag for trend detection. This indicator was developed and described by Perry Kaufman in his book "Smarter Trading".
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/632
The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.Average Directional Movement Index (ADX)
The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.