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Moving Average Based on Demark's Approaches - indicator for MetaTrader 4

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21073

Rating:

(8)

Published:

10 November 2008, 07:19

Updated:

22 November 2016, 07:32

MUV.mq4 (2.52 KB) view

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The drawing of the moving average is performed on the basis of Demark's method "Daily Range Projections".

Indicator on a zero bar points at the future price change.

Input Parameters:

period - the period of averaging,

ma_method - the method of averaging:

0 - Simple moving average

1 - Exponential moving average

2 - Smoothed moving average

3 - Linearly-weighted moving average

Picture:

You can develop some other indicators using this method.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/8542

The script selectively clears the chart by the part of the name and/or by the type of the object.

Pipsing_Close_on_DROP

The script closes any position using the Drag'n'Drop method, i.e. the method of "drag the script with the mouse and drop it on the order lines".

Expert Advisor Based on FXRaider's Trade Strategy by ForTrader.ru.

It is developed on the other principle, not on ADX's. Chand suggests 13-weeks SMA as a basis of the indicator.