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It is an indicator written within the GENESIS TradeNavigator software and has to be re-written, so that its usable here with MT4.
the value calculated is oscillating around zero with a double smoothed moving average (one Simple, one Adaptive)
Code in Genesis TradeNavigator is:
&Ind1:= MovingAvg((MovingAvgX (Close, Length, False) - Close) * (Chartdreher) *100 / MovingAvgX (Close, Length, GlaetterI
&Ind2:= MovingAvgMethod (&Ind1, MABars, MAMethod)
&Ind2
Remarks:
- Variable entries should be able with: Length, MABars, MAMethod (=Adaptive MA; within Genesis you can choose between six ways of calulating the MA if you use this expression)
- Horizontal line at Zero
- Indicator itself should be printed as steps in dark blue (thinkness of line and colour chooseable)
- Horizontal line should be printed solid white (thinkness of line and colour chooseable)
Not very complicated but I am really a novice here ... so I would be very glad if someone would make this happen for me shortly. Thank you.