Easy reading of moving average price action without annoying moving average whipsaws due of volatility, this indicator simply draws “stair step” within defined point/pip treshold value (Step).
As an example, this indicator only make use of SMA and could be easily adapt by anyone 🙂
There are different approach to trade this indi : other moving average crossover or simple price breakout of the line, use it as you would, enjoy.
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//parameters : // Step = 0.0010 forex 10 pips, adapt to item you are trading // MAperiod = 20 once ssMA = close MA = average[MAperiod](close) if(MA > ssMA + Step) THEN ssMA = MA ELSIF (MA < ssMA - Step) THEN ssMA = MA ELSE ssMA = ssMA ENDIF RETURN ssMA |
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Hi Nicolas.I found this indicator very interesting and wanted to code it in form of histogram, where I could easily see the changes of the steps, but unfortunately it does not work correctly.There are missing bars and bars that leftovers. I wanted to download an image, but I get always an HTTP error if I try it.Could you please tell me where is the error on the code?
The code is:
//***Stair step Moving Average//parameters :Step = 10// 0.0010 forex 10 pips, adapt to item you are tradingMAperiod = 7
once ssMA = closeMA = average[MAperiod](close)
IF(MA > ssMA+Step) THENssMA = MAELSIF (MA < ssMA-Step) THENssMA = MAELSEssMA = ssMAENDIF
IF ssMA>ssMA[1] THENk=1ELSIF ssMA<ssMA[1] THENk=-1ELSEk=0ENDIF
RETURN k AS “Signal”, 0 AS “Zero”