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MetaTrader 5 Indicator | Filtered averages

Theory:

The indicator that is using self adjusting filter (published and described here : Filtered Price ) but applied to one of the 4 types of averages :

  • simple moving average (SMA)
  • exponential moving average (EMA)
  • smoothed moving average (SMMA)
  • linear weighted moving average (LWMA)

Filter size is the "size" of self adjusted deviations and can be fractional.

Usage:

You can use the color change as a signal.

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