Color3rdGenXMA indicator

[Alexander.Gettinger]

This indicator is a ported MQL5 indicators from http://www.mql5.com/en/code/1576

Formulas:
GenXMA = (1+Alpha)*MA1-Alpha*MA2, where
Alpha = (2*Period-1)/(Period-1),
MA1 - moving average with [2*Period] period from price,
MA2 - moving average with [Period] from MA1.

Download:

Color3rdGenXMA.lua

(4.09 KiB) Downloaded 704 times

For this indicator must be installed Averages indicator (viewtopic.php?f=17&t=2430).

The indicator was revised and updated

[Alexander.Gettinger]

MQL4 version of this indicator: viewtopic.php?f=38&t=34364

[Apprentice]

Indicator was revised and updated.