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MetaTrader 5 Indicator | HA EMA3 Indicator

3.8.25 0

This indicator is a moving average built on Heiken Ashi candlesticks.

It has two parameters:

  • Period - calculation period;
  • Method - calculation method.

Calculation formulas:

MA1 = MA(HA_Close),  MA2 = MA(MA1),  MA3 = MA(MA2)

where:

HA_Close[i] = ((Open[i] + High[i] + Low[i] + Close[i])/4 + HA_Open[i] + Max(High[i],HA_Open[i]) + Min(Low[i],HA_Open[i]))/4,  HA_Open[i] = ((Open[i+1] + High[i+1] + Low[i+1] + Close[i+1])/4 + HA_Open[i+1])/2.

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