Fractional-Bar Quick Moving Average - QMA
May 9, 2017, 10:27 AM
Indicators
1 Comment
The QMA is a moving average that can be compared to a Jurik one. I did not find a lot of information on it on the web, but it seems to be at the same time, smooth and fast. But I also found it to have considerable overshoot that could be a problem in some case.
Anyway, this code has been translated from a multicharts version by a request on the french forum, so here it is.
//PRC_Fractional-Bar Quick Moving Average | indicator
//08.05.2017
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge
// --- settings
Len = 50 //period
// ---
Series = customclose
Peak = Len / 3
Num = 0
Denom = 0
for j = 1 to (Len + 1) do
if j <= Peak then
DataArray = j / Peak
else
DataArray = (Len + 1 - j) / (Len + 1 - Peak)
Num = Num + Series[j - 1] * DataArray
Denom = Denom + DataArray
endif
next
if Denom <> 0 then
QMA = Num / Denom
else
QMA = Series
endif
return qma
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Filename:
PRC_Fractional-Bar-QMA.itf
Downloads:
147
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