Hi Mrtools, Kvak
This smoothed WPR indicator is not calculating correctly. For example, in the screenshot below:
Sub-window 1: Red indicator = default MT4 WPR indicator (144). Aqua indicator = 3 SMMA moving average applied to the WPR indicator
Sub-window 2: Red indicator = default MT4 WPR indicator (144). Aqua indicator = "WPR smoothed bt" indicator with 3 SMMA smoothing
I was expecting the WPR smoothed bt indicator (sub-window 2) to behave like the moving average in sub-window 1, but they are different. This happens also with other moving average methods -> EMA, SMA and LWMA. Can you please check the indicator to see what the issue might be?
Thanks