Expert Advisors • Indicators • Scripts • Libraries

MQL.RobotFX.org is the biggest collection of MetaTrader expert advisors (MT5 & MT4), indicators, scripts and libraries that can be used to improve trading results, minimize risks or simply automate trading tasks
Home Average MetaTrader 5 Indicator Modified Moving MetaTrader 5 Indicator | Modified_Moving_Average

MetaTrader 5 Indicator | Modified_Moving_Average

20.7.25 0

The Modified Moving Average indicator. It was described in "Stocks & Commodities" in January, 2000.
The indicator has small lagging.

It has two input parameters:

  • Period - calculation period
  • Applied price

Calculation:

MMM = MA + 6 * Slope / K

where:

MA - SMA(Applied price, Period)  Slope = Sum (Applied price * (Period-Factor)/2) in the range of 'Period'  Factor = 1 + 2*(N-1)  N = values from 1 to Period in the range of 'Period'  K = Period*(Period+1)

MetaTrader Experts, Indicators, Scripts and Libraries

21840
Contact Author
Tags: , , ,

Subscribe to: Post Comments (Atom)