The DMA indicator, in which the period parameter is the number of days N in the below calculation formula.

The indicator has two input parameters:

• Period - calculation period
• Applied price - price used for calculation

The default timeframe is M15. The default calculation period: N = 17.

Calculation:

DMA[i] = E*Price[i]+(1-E)*DMA[i-1],  
where  E = D*D,  D = C*2/31+(1-C)*2/3,  C=A/B,  A = Price[i] - Price[i-Period+1],  B = Sum(Price[i]-Price[i-1]) from (i-Period+1) to (i).