The value obtained is then smoothed with a moving average.
The algorithms available for smoothing:
. SMA - Simple Moving Average
. EMA - Exponential Moving Average
. SMMA - smoothed moving average
. LWMA - linear weighted moving average
. JJMA - adaptive moving average JMA
. JurX - ultra linear Smoothing
. ParMA - parabolic smoothing
. T3 - multiple exponential smoothing Tillson
. VIDYA - Smoothing using Tushar Chande algorithm
. AMA - Smoothing using Perry Kaufman algorithm.
included
SmoothAlgorithms.mqh
2pbIdealXOSMA.mq5
Broker Online - Broker Exchange : Platform Trading Metatrader MT5
Interpretation Rules - Signals From Trading
* Histogram 2pbIdealXOSMA positive, above the zero level
- 2pbIdealXOSMA green bar: 2pbIdealXOSMA value up from the bar 2pbIdealXOSMA previous
- bar 2pbIdealXOSMA blue: 2pbIdealXOSMA value down from the 2pbIdealXOSMA bar previous
* Histogram 2pbIdealXOSMA negative, below the zero level
- bar 2pbIdealXOSMA pink: 2pbIdealXOSMA value increase over the previous 2pbIdealXOSMA bar
- 2pbIdealXOSMA red bar : 2pbIdealXOSMA value down compared to the previous 2pbIdealXOSMA bar
- buy signal
. The histogram 2pbIdealXOSMA crosses upward line zero - bullish trend
. Divergence bullish: prices fall while the 2pbIdealXOSMA can not score new lows, a risk of rolling upward becomes important.
An upward correction of prices is expected - Trend bullish
- sell signal
. The histogram 2pbIdealXOSMA crosses down the line zero - bearish trend
. Divergence bearish: prices rise while the 2pbIdealXOSMA fails to score new highs, a risk reversal downward becomes.
.A downward correction of prices is expected - Trend bearish
Read more about the rules and trading signals:
Bourse - Technical Indicator Moving Average
Exchange - Technical Indicator Moving Average 2pbIdeal1MA
Exchange - Technical Indicator Moving Average 2pbIdeal3MA
Exchange - Technical Indicator Osma
Bourse - Indicator WADA Technical
Award - Technical Indicator VIDYA
Exchange - Technical Indicator T3
Exchange - Indicator Technology JMA
Exchange - Indicator Technical ParMA
Exchange - Indicator Technical JJurX
Graphic Exchange - Trading Analysis
Trade Example
Exchange and Financial Markets
Instruments - Trading forex currency
swaps - USDCHF Symbol
Time Frame: Daily - Daily
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