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Recursive Moving Average (RMA)
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=72670
Forum: 17 · Topic 72670 · 1 post(s)
Recursive Moving Average (RMA)
Apprentice · Mon Aug 29, 2022 9:24 am
This indicator was developed by Dennis Meyers and introduced in his article “The Japanese Yen, Recursed”, published in the December 1998 issue of Technical Analysis of Stocks and Commodities magazine. According to Meyers, this method requires a small number of historical data of the estimated price and the price at present (today) in order to forecast the price in the future (tomorrow).
A=close[N] B=(close[N]+close[N-1])/2 C=(close[N]+close[N-1]+close[N-2])/3 D=(close[N]+close[N-1]+close[N-2]+close[N-3])/4 E=(close[N]+close[N-1]+close[N-2]+close[N-3]+close[N-4])/5 F=(close[N]+close[N-1]+close[N-2]+close[N-3]+close[N-4]+close[N-5])/6 G=(close[N]+close[N-1]+close[N-2]+close[N-3]+close[N-4]+close[N-5]+close[N-6])/7 H=(close[N]+close[N-1]+close[N-2]+close[N-3]+close[N-4]+close[N-5]+close[N-6]+close[N-7])/8 I=(close[N]+close[N-1]+close[N-2]+close[N-3]+close[N-4]+close[N-5]+close[N-6]+close[N-7]+close[N-8])/9 J=(close[N]+close[N-1]+close[N-2]+close[N-3]+close[N-4]+close[N-5]+close[N-6]+close[N-7]+close[N-8]+close)/10
X=(A+B+C+D+E+F+G+H+I+J)/10 Y=averageP
Indicator based strategy https://fxcodebase.com/code/viewtopic.php?f=31&t=72676