• An access button switch for the T3 calculation method has been added, as well as the Kaufman Adaptive Moving Average (KAMA) and the Running Moving Average (RMA).
• Added Detrended Ehlers Leading Indicator (DELI)
The Detrended Ehlers Leading Indicator (DELI) was authored by Jon Ehlers (See “MESA and Trading Market Cycles” by John Ehlers). The DELI uses highs, previous high, lows, previous lows and feedback to create two exponential moving averages. First, Detrended Synthetic Price (DSP) is plotted as their difference. Then a third exponential moving average is created from the DSP and the DELI is plotted as their difference.
The Kaufman Adaptive Moving Average (KAMA) is a technical analysis indicator developed by the American quantitative financial theorist Perry J. Kaufman in 1998. KAMA is a trend-following indicator that uses a series of calculations to adapt to market conditions and reduce noise.
A Modified Moving Average (MMA) — Otherwise known as the Running Moving Average or Relative Moving Average (RMA), or SMoothed Moving Average (SMMA) is an indicator that shows the average value of a security's price over a period of time. It works very similar to the Exponential Moving Average, they are equivalent but for different periods (e.g., the MMA value for a 14-day period will be the same as EMA-value for a 27-days period).KAMA, kama, kama, kama, kama chameleon ; )—
You come and go, you come and go... Loving would be easy if your colors were like my dreams
Red, gold, and green, red, gold, and green — by Boy George
MMA is partly calculated like SMA: the first point of the MMA is calculated the same way it is done for SMA. However, other points are calculated differently:the new price is added first and then the last average is subtracted from the resulting sum.
• New users MUST read and follow these STEPS
• New templates (a must)
• You can download and read more about the system by clicking »» HERE