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Dynamic Step Moving Average MT5

This is a version of the Moving Average which uses not just the price for calculations, but an increasing price step: dynamic (default) or fixed. A complex price channel is used for changing the line direction. The channel parameters are adjustable. This line can be used as a trend indication or as a support/resistance level. For Yen pairs and metals, divide the values of the first two parameters by 10.

  • StepKoeff - step increase factor,
  • MaxKoeff - multiplier defining the max step value,
  • DynamicMode - enable/disabled dynamic step calculation,
  • StepPeriod - period for dynamic step calculation,
  • PeriodHighMA - the smoothing period of the upper line of a limiting channel,
  • MethodHighMA - the smoothing method of the upper line of a limiting channel,
  • PriceHighMA - the price used for the calculation of the upper line of a limiting channel,
  • PeriodLowMA - the smoothing period of the lower line of a limiting channel,
  • MethodLowMA - the smoothing method of the lower line of a limiting channel,
  • PriceLowMA - the price used for the calculation of the lower line of a limiting channel.
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Version 1.2 - 2016.02.29
Added new types of smoothing (total 26) and price types (total 16)
Version 1.1 - 2015.10.21
The indicator now works only with closed bars, thus a one bar shift is used for the "current" value display.