Step One More Average

Step One More Average

Indicator built upon a special moving average formula that adapt its period automatically accordingly to the market behaviour and noises. This moving average is called the OMA (One More Average), the formula come from an MT4 version found on internet.

Converted from MT4 because of a request on forum.

This version of the one more average indicator embed a step variation of the result of the calculation. The sensitivity and step size can be modified in order to adapt how the moving average respond to the step function, which is comparing how the moving average evolved between difference of actual and past data with current average true range.

The adaptive period can be more or less adaptive by changing the “speed” parameter (0.1 step). The adaptive behaviour of the formula can be shutdown with “Adaptive=0”.

 

 

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Risk disclosure:

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 : How to import ITF files into ProRealTime platform?

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  1. SoloContado • 331 days ago #

    Hello Nicolas,
     
    thanks a lot for your many contributions in this post. I have a problem with the imported file: when I import it into the Price chart, I just get a flat line at the “0” level, no average is plotted.
     
    I have 10.3 version of PRT.
    Any suggestion would be wellcome.
    Best regards,
    Jorge Hernando
     

    • Nicolas • 331 days ago #

      Because of no data available at the start of calculations. Add this at line 15 : if barindex>length then
      and add an ‘endif’ at end of the code just before the Return function line. 

  2. srajtri • 261 days ago #

    Hi Nicolas,
    thanks for your updates and am very new in trading would you guide me to back test this indicator and give me some refrences to understand coding techniques.
    thanks & regards
    Selva
     

    • Nicolas • 260 days ago #

      Please post any question on forums, thanks.

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