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Published:

2018.08.23 11:45

Fibo_Average.mq5 (11.94 KB) view

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Fibo average shows the moving average calculated by bar prices with a shift from the current one by Fibo numbers. In addition, it also displays the second moving average calculated by data of the first Fibo MA.

It has four inputs:

MA period - averaging МА calculation period
MA method - averaging МА calculation method
FiboMA applied price
Fibo count - number of Fibo numbers for calculating FiboMA

Sample calculation:

if the number of Fibo numbers (FiboCount) = 8, then

FiboMA = (Price[i] + Price[i+1] + Price[i+1] + Price[i+2] + Price[i+3] + Price[i+5] + Price[i+8] + Price[i+13]) / FiboCount

MA = MA(FiboMA, Period, Method)

where:

Price = FiboMA applied price

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21406

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Fibo_Average - indicator for MetaTrader 5