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2016.05.16 09:40
Indicators

EVWMA - indicator for MetaTrader 4

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votes: 3
EVWMA.mq4 (2.47 KB)view
Author: Aborigen

Elastic Volume Weighted Moving Average (EVWMA), a natural replacement for the standard moving average.

Differences of the EVWMA
from the standard МА:
  • 1. The EVWMA does not have an averaging period, instead it uses the volume to determine the period of the average component.
  • 2. The EVWMA considers the information on volume (or time) in a natural and logical manner.
  • 3. The EVWMA can be obtained as an approximation to the statistical estimation, and thus has a mathematical basis.


Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/7457

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