I just wrote draft version of this trend indicator.
Any improvements, please.
Nice work igorad!
First are you the same iGor and fxIgor that is posting on other forums?
[*] I beleive you have deviated from the code as posted on page 1 of this thread. Was that your intent?
[*] Why did you divide by points were the original code has multiply by 1000?
[*] The line of code were your calculating an EMA of the data are you sure that this is the correct method to calculate an EMA? Or Have I mis interperated the code and your evaluating something else?
Thanks for your reply and the code.
First, I use one name at all forums.
Secondly,my version of the indicator shows a difference between expotential averages from vA and vB plus the smoothed line from this difference.
Thirdly, no problems with Points, you can put any other value.
Fourthly, in books you can find the following formula for EMA:
EMA = ema+2/(1+period)*(value-ema),
value - current value of parameter
ema - previous value of EMA
period - period of EMA
Hi Igor, hope you reply to this one: I like this Oscillator very much. What are the levels for? Or do you trade this on crossings only? A bit "choppy" but very accurate. Well done.
Maybe better ask rogerha because he is the developer of the indicator.
I only have programmed it.