10 June 2023

This weekend, Mrtools published the "Range-Weighted" RMA (Relative Moving Average) indicator for MT4. Analysts regard the RMA as the "slower" sibling of the EMA, yet the RMA makes up for it's lag by producing more accurate signals overall. So in order to combat this known lag, Mrtools's code adds Mladen's Range-Weighted formula to it which emphasizes on Candlesticks with higher volatility. This results in an RMA that's faster & more accurate compared to the traditional Exponential Moving Average. Please try it out, here: viewtopic.php?p=1295515127#p1295515127