Could this ballasmrtools wrote: Wed Dec 26, 2018 1:20 pm
Another good one from Mladen::::::
Theory :
Efficiency ratio was invented by Perry Kaufman as a measure of volatility and as a way of making some calculations adaptive. In his adaptive moving average he uses 3 periods for calculation which makes it a bit "cryptic" and, by all means, not so simple to use. This version is simplifying the whole thing without an intention to clone the KAMA indicator - but with an intention to use the efficiency ratio for adapting the average calculations and to use only two parameters for that :
period
price
No other parameters needed
Usage :
It can be used as any other moving average type indicator
Please make sure in my converting it I didn't cause it to repaint, don't think so but since the market is closed now, not sure.
Found some repainting issues with this version should be fixed in this version I'm posting.
Attachments forums
Re: MT4 Indicator requests and ideas
RplusT, Sat Jan 19, 2019 11:19 pm