Theory:
The indicator that is using self adjusting filter (published and described here : Filtered Price ) but applied to one of the 4 types of averages :
- simple moving average (SMA)
- exponential moving average (EMA)
- smoothed moving average (SMMA)
- linear weighted moving average (LWMA)
Filter size is the “size” of self adjusted deviations and can be fractional.
Usage:
You can use the color change as a signal.
Similar MetaTrader Trading Tools:
