Indicators: Corrected Average (CA)
Updated Version 2.2 :
- I've added the Shift of indicator parameter (idea to use as a Support and Resistance)
- Exponential averaging bug fixed
Alexander Piechotta:
Updated Version 2.2 :
- I've added the Shift of indicator parameter (idea to use as a Support and Resistance)
- Exponential averaging bug fixed
Alexander,
The first indicator had a RES / SUPP level above / below the indicator itself which is an excellent break-out trade when the price is consolidating.
Could you possibly direct me to where I can find the mq4-version of that indicator as mine can no longer work on the latest version of MT4.
Thanks in advance for replying.
Sincerely,
Hercs.
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Corrected Average (CA):
Corrected Average indicator by A.Uhl (also known as the "Optimal Moving Average").
The strengths of the corrected Average (CA) is that the current value of the time series must exceed a the current volatility-dependent threshold, so that the filter increases or falls, avoiding false signals in trend is weak phase. - by Prof. A.Uhl -
Author: Alexander Piechotta