Elastic Weighted Moving Average filter

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  • #178016 quote
    murre87
    Participant
    Senior

    Hi.
    I need help creating a filter for Elastic Weighted Moving Average (eVWMA)
    Price under eVWMA[15] = no action.

    eVWMA.jpg eVWMA.jpg
    #178057 quote
    eckaw
    Participant
    Veteran

    One way of doing this:

    TradeOk = close > eVWMA[15] 
    
    If [your buy conditions] and TradeOk then
    
    buy at market 
    
    EndIf
    
     
    #178058 quote
    murre87
    Participant
    Senior

    No its not possible.

    eVWMA-1.jpg eVWMA-1.jpg
    #178072 quote
    robertogozzi
    Moderator
    Master

    You can’t use it because it’s not allowed by PRT.

    You can use this custom one (download and install the attached ITF file) that can be CALLed this way:

    myElasticVolumeWeightedMovingAverageEVWMA = CALL "EVWMA - Elastic Volume WMA"[20](close)

    You can change 20 to any value ranging from 1 to 999.

    GraHal and Midlanddave thanked this post
    EVWMA-Elastic-Volume-WMA.itf
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Elastic Weighted Moving Average filter


ProOrder: Automated Strategies & Backtesting

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murre87 @murre87 Participant
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This topic contains 3 replies,
has 3 voices, and was last updated by robertogozzi
4 years, 5 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 09/21/2021
Status: Active
Attachments: 3 files
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