Description
Measures current bar’s Moving Average Speed, in relation to the average of # (averaging period) past bars.
This oscillator can be visually described with Speed Indicator.
Calculations
CurrentBar’s speed / Mean speed of past # bars
AvgPosBuffer[i] = pos_sum/InpSPeriod;
AvgNegBuffer[i] = neg_sum/InpSPeriod;
if(ExtMABuffer[i] - ExtMABuffer[i-1]>0)
{
SO[i] = (ExtMABuffer[i]-ExtMABuffer[i-1]) / AvgPosBuffer[i];
}
else if(ExtMABuffer[i] - ExtMABuffer[i-1]<0)
{
SO[i] = -((ExtMABuffer[i]-ExtMABuffer[i-1]) / AvgNegBuffer[i]);
}
else
{
SO[i] = 0;
}
Example
Moving Average (9)
Averaging Period (120)
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