The middle high low moving average (MHLMA) is the new moving average described by V.APIRINE in the last TASC magazine (August 2016).
This indicator take the center value of the last 3 highest high and lowest low and then smooth it with a simple moving average (10 periods default).
The author describe a method to combine this indicator with another traditional moving average to trigger signals of trend following.
|
1 2 3 4 5 6 7 8 9 10 11 |
// --- external parameters //HLrangeperiods = 3 //MAlength = 10 hh = highest[HLrangeperiods](high) ll = lowest[HLrangeperiods](low) r = (hh+ll)/2 MHLMA = average[MAlength](r) RETURN MHLMA as "Middle High Low Range Moving Average" |
Share this
No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.
ProRealTime ITF files and other attachments :
Filename : download the ITF files
Find other exclusive trading pro-tools on 
PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials
