HA EMA3 Indicator – indicator MetaTrader 5
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] … Read more