Coral Indi
- Indikatoren
- Dinh Duong Luong
- Version: 2.0
Coral trend is a trend-following indicator that is widely popular among FOREX traders. It is usually used as a confluence with other indicators. It uses combinations of moving averages with complex smoothing formulas!
It has two configurable parameters:
- Coefficient - smoothing ratio (*)
- Applied price
Calculation:
Coral = (-0.064) * B6 + 0.672 * B5 - 2.352 * B4 + 2.744 * B3