Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=72180
Forum: 17 · Topic 72180 · 4 post(s)
Apprentice · Mon May 16, 2022 5:56 am

This indicator is my attempt to estimate the real market value. The idea was to create something that is better fitted than moving average.
The indicator moves up, if the price is above it and also moves up, and down, if the price is below it and also moves down, with speed proportional to the average of differences between minimums and maximums of bars from the Period given as a parameter.

MTF MCP Real Value Heat Map.lua

Price Real Value Convergence Divergence.lua
Sospool · Mon May 16, 2022 8:32 am
Interesting, thanks
Apprentice · Wed May 18, 2022 5:54 am
MTF MCP Real Value Heat Map.lua added.
Apprentice · Wed May 18, 2022 6:14 am
Price Real Value Convergence Divergence.lua added.