The standard moving average uses an algorithm that is too simple to calculate and cannot smooth out market noises well enough. Therefore, as a result of the conducted research, a more complex and modern algorithm has appeared, in which, in addition, it is possible to use 26 different smoothing options and combine their combinations, as well as two additional coefficients within the new formula. The straight line is drawn as dots, different colors for growth and fall, in addition, you can enable the usual display of the straight line as a line, as well as arrows (up/down) when changing the direction to the opposite. In addition, you can enable the “simple” mode and use the standard calculation algorithm for all 26 smoothing modes.
Available types of smoothing: Simple Moving Average, Exponential Moving Average, Smoothed Moving Average, Linear Weighted Moving Average, Sine Weighted Moving Average, Triangular Moving Average, Least Square Moving Average (or EPMA, Linear Regression Line), Wilder Exponential Moving Average, Hull Moving Average, Zero-Lag Exponential Moving Average, Double Exponential Moving Average T3 (original version), Instantaneous Trendline by J. Ehlers, Moving Median, Geometric Mean, the Regularized EMA, Integral of Linear Regression Slope, Combination of LSMA and RANGING, Triangular Moving Average Volume Weighted Moving Average Smoothing by Mark Jurik, Simplified SMA, Arnaud Legoux Moving Average, Triple Exponential Moving Average T3 (correct version), Laguerre filter by J. Ehlers.
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- PeriodMA – the period for calculating the average,
- KoeffMA1 – the first coefficient, used only in the new algorithm, in the normal algorithm (simple mode) does not affect the calculations,
- KoeffMA2-the second coefficient, used only in the new algorithm, in the usual algorithm (simple mode) does not affect the calculations,
- PriceMA1 – the first set of prices, used in the calculation of both the new and the usual algorithm,
- PriceMA2-a secondary set of prices, used in the calculation only according to the new algorithm, in the normal algorithm (simple mode), the calculations are not affected,
- MethodMA1 – the first of a set of smoothing methods, used in the calculation of both the new and the usual algorithm,
- MethodMA2 – the second of the set of smoothing methods, used only for the calculation of the new algorithm, in the usual algorithm (simple mode) does not affect the calculations,
- MethodMA3 – the third of the set of smoothing methods, used only for the calculation of the new algorithm, in the usual algorithm (simple mode) does not affect the calculations,
- SimpleMode-enable (true) / disable (false) the use of the normal calculation algorithm,
- ShowBackLine-enables / disables additional display of indicator values as a regular line
- ShowArrows-enable / disable arrows when changing the height/fall
- ArrowUpCode – code of the up arrow,
- ArrowDnCode – down arrow code,
- AddDigits-an additional increase in the precision of values after the decimal point.
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