3rd Generation Moving Average

[mohsinqureshii 10]

3rd Generation Moving Average MetaTrader indicator — is an advanced version of the standard moving average (MA), which implements a rather simple lag-reducing procedure based on the longer MA period. The method was first described by M. Duerschner in his article Gleitende Durchschnitte 3.0 (in German). The presented version uses λ = 2, which provides the best possible lag-reducing. Higher λ increases similarity with the classic moving average. The indicator is available for both MT4 and MT5. It doesn't require using any DLL.

 

Input parameters:

 

· MA_Period (default = 50) — a period of the 3rd generation moving average.

 

· MA_Method (default = 1) — method of the moving average. 0 — SMA, 1 — EMA, 2 — SMMA, 3 — LWMA.

 

· MA_Applied_Price (default = 5) — applied price for the moving average. 0 — PRICE_CLOSE, 1 — PRICE_OPEN, 2 — PRICE_HIGH, 3 — PRICE_LOW, 4 — PRICE_MEDIAN, 5 — PRICE_TYPICAL, 6 — PRICE_WEIGHTED.

 

Install Instructions

 

1. Download the file

2. Unzip using ZIP or RAR

3. Copy the mq4 file in the experts/indicator subfolder of your Meta Trader 4 installation folder.

3D Moving Average.zip