Moving Averages
We often overlook the value of the simpler indicators in our rush to try out the new....
Moving averages are so important re support and resistance and also in forecasting future direction...
It is just super that you have such a great collection of moving average indicators on this board.....
thanks
Indicator from Hapsa.
Seems two ema crossing with a dot on the chart.
It is good indicator to see or prove our trading strategies based on two ema crossing. Because we may see the dots only on the chart.
Tim Morris MA
Tim Morris MA.
Created by Tim Morris in 29th May 2004 (version 2).
Converted for MT4 by Nikolay Kositsin in 2005.
Authors' comments:
"use short duration bars e.g.
5min set length to give required speed of response
increase damping to eliminate overshooting
Lower length will require Higher damping".
Settings:
Length = 10;//inverse of driving coefficient
damping = 5;//smoothing (percent)
maxgap = 30;//maximum week gap ignored (pips)
Shift = 0;
CountBars = 300;//drawn per call - tune this to avoid
I fixed some bug in the code of this well-known indicator and slightly modify it.
Now you have colour changing moving average:
period of ma:
MAPeriod = 50;
MA Method:
PeriodMode = 1; //0=sma, 1=ema, 2=smma, 3=lwma

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