Real Value

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Real Value

Postby Apprentice » Mon May 16, 2022 5:56 am

USDJPY D1 (05-16-2022 1253).png

This indicator is my attempt to estimate the real market value. The idea was to create something that is better fitted than moving average.

The indicator moves up, if the price is above it and also moves up, and down, if the price is below it and also moves down, with speed proportional to the average of differences between minimums and maximums of bars from the Period given as a parameter.
Real Value.lua
(5.95 KiB) Downloaded 84 times


GER30 H4 (05-18-2022 1251).png

MTF MCP Real Value Heat Map.lua
(13.14 KiB) Downloaded 69 times


GER30 H4 (05-18-2022 1313).png

Price Real Value Convergence Divergence.lua
(5.54 KiB) Downloaded 77 times
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Apprentice
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Re: Real Value

Postby Sospool » Mon May 16, 2022 8:32 am

Interesting, thanks ;)
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Re: Real Value

Postby Apprentice » Wed May 18, 2022 5:54 am

MTF MCP Real Value Heat Map.lua added.
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Apprentice
FXCodeBase: Confirmed User
 
Posts: 36476
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Re: Real Value

Postby Apprentice » Wed May 18, 2022 6:14 am

Price Real Value Convergence Divergence.lua added.
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Apprentice
FXCodeBase: Confirmed User
 
Posts: 36476
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia


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