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”.

 

 

Share this

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?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

  1. SoloContado • 12/12/2016 #

    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 • 12/12/2016 #

      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 • 12/12/2016 #

    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 • 12/12/2016 #

      Please post any question on forums, thanks.

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar avatar
Related users ' posts
odin The shorts in trouble with my own coded short term trouble indicator, its when the differenc...
odin here is my code c1 = ExponentialAverage[3](close) c2 = ExponentialAverage[5](close) c3 ...
juanj HI Odin Can you also kindly provide the code for the 'Short Term Trader Squezze' indicato...
Daniel da Costa Thanks Doc! Where can you find a service for Dax with a 1 point spread?
Doctrading Hello. I suggest you : ProRealTime CFD, or IG. Best regards,
JanWd Hey Doctrading, I tried your code, optimising the A and V and the RSI period, see below. ...
swapping merci gabri, on va le mettre à l'essai ;)
Genotik Merci de votre contribution !
Leo Hi all, I posted a new version of this indicator ( I just add arrows to spot the local maxi...
Trading_En_El_Ibex35 Muchas Gracias por compartir este interesante indicador. Un saludo
JM David, Thanks a lot and next week I begin the test of this strategy in real... You have ot...
rejo007 hello david, i'll try it could you tell me wich strategy do you use in real? thanks
David Somogyi Hello, I have a couple of DAX strategies of breakout and mean reversion. I'll try to post...
Thomas007 Is there any way to build something similar for FX? I wonder what would be the replacement f...
Kris75 Hi Bolsatrilera, I love this indicator! Thanks; => did you develop a strategy around...
supertiti Felicidades Laurenzo d'avoir pris le temps pour ce gros travail et en plus dans l'esprit du ...
gatarayihajp Hello,  It's very interesting indicator. Could you explain more about it? Thank a lot
Wing I do not run this strategy myself, currently. As for why it is not taking trades live: Do yo...
dkinse Hey, Yes it´s running in 30 m timeframe. I had it running and it made two trads in januar...
Wing There's a few threads on the forum about backtest and live trades being different at times. ...
Marcot18 Buongiorno, è possibile codificare lo stesso codice per regressione lineare? grazie in anticipo
Nicolas Just change the indicator at line 9 with a linearregression instead of average
Marcot18 Save Nicolas, non ci riesco puoi postarmelo grazie.
David Balance thanks for sharing this excellent indicator.  Here are some thoughts.  please ad...
supertiti Il manque 2 slash devant len dans le code dur car la variable ne marche pas bonne journée
jwebster2 HI Nicholas....Can I use this indicator on 30sec/1min timeframes? Also do you have a simple ...
jwebster2 Hi Nicholas.. please ignore previous comment .. as I have located it... !
ALAM Merci Nicolas, j'ai bien trouvé la version corrigée de l'indicateur. Un grand merci pour ton...
gabri Great screener!! I would like to add only the fact that Minervini is a growth investor and s...
Hayden Hi Nicolas, thanks for the Minervini screener, I'm finding it really useful. I am a big fan...
Nicolas Private personal assistance is possible through the programming services. Otherwise, you cou...
gabri Paulon, you are right, I used the variable b in too many places :) Try to change the follo...
Leo Hi Gabri, have you ever try this in a trading system?
gabri Leo, I used to crosscheck this indicator a long time ago. For the trading I was doing at tha...
David Somogyi Hello, 180º profit booster from Greg Secker. Regards,
lizmerrill david, THANKS FOR THE REPLY, IN YOUR CODE BELOW: FDI=0 HH = highest[N](close) LL = lo...
David Somogyi Hello, This is merely a filter indicator for measuring high fractality, which helps to av...
Nicolas Il faut utiliser backgroundcolor, bon courage. 
leyoy Quelqu'un sait s'il est possible de faire apparaitre une flèche paramétrable au changement d...
Nicolas Oui je sais que c'est possible :/

Top