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You liked the script? Try it in the MetaTrader 5 terminal
DPO - MA modified - MT4 - indicator for MetaTrader 4
- Views:
- 4120
- Rating:
- Published:
- 2024.07.15 05:39
- Updated:
- 2024.08.10 01:08
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MA modified DPO facilitate controlling all parameters of MA (MA period , MA mode , MA applied price) to change required MA curve to horizontal line and can easily used as support or resistance level
Calculation:
DPO = close - MA (mode, price, DPO_period)
Where :
- DPO - DPO indicator value
- close - close price of bar;
- mode - applied method to calculate MA (SMA, EMA, SMMA, LWMA)
- price - applied price to calculate MA
- DPO_period - period applied to calculate MA.
MT5 version available at https://www.mql5.com/en/code/50822
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