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Metatrader 4 Indicators | Moving Average Based on Demark's Approaches | MetaTrader Tool

Discover expert developed MetaTrader tools that can complement professional solutions.

The drawing of the moving average is performed on the basis of Demark's method "Daily Range Projections".

Indicator on a zero bar points at the future price change.

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Input Parameters:

period - the period of averaging,

ma_method - the method of averaging:

0 - Simple moving average


1 - Exponential moving average


2 - Smoothed moving average


3 - Linearly-weighted moving average

Picture:


Image for Moving Average Based on Demark's Approaches

You can develop some other indicators using this method.



Complement community code with advanced automation from RobotFX.

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