Hi.
I need help creating a filter for Elastic Weighted Moving Average (eVWMA)
Price under eVWMA[15] = no action.
One way of doing this:
TradeOk = close > eVWMA[15]
If [your buy conditions] and TradeOk then
buy at market
EndIf
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.