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Coral Indi

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


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