New free code from MQL5: indicators, EAs, and scripts for traders.
Real author:
TrendLaboratory
This is a moving where effect of retardation is lessened by means of damped cosinusoid defining coefficients' ratios in equation of the linearly weighted average (LWMA).
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Statical filter (in points) helps to remove small spurts of the medium which gives a shape of stair-stepping.
Input Parameters:
//+-----------------------------------+ //| Input parameters of the indicator | //+-----------------------------------+ input int MAPeriod = 13; // Period input ENUM_MA_METHOD MAType = MODE_EMA; // Type of averaging input ENUM_APPLIED_PRICE MAPrice = PRICE_CLOSE; // Price input uint Filter = 0; // Static filter in points input uint ColorBarBack = 1; // Bar back for color mode input double Deviation = 0; // Up/down deviation input int Shift = 0; // Horizontal shift of the indicator in bars
This indicator was first implemented in MQL4 and published in CodeBase on September 21, 2006.
Fig.1. NonLagMA_v5 Indicator
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