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SMAv1 - Rounded Values
This indicator has an option that allows the moving average to be plotted using values rounded to the nearest tick. I find this very useful at times to reduce the whipsaws. There are 2 indicators available, SMA and EMA. SMA is the default with a period and a smoothing period. So a period of 14 with a smooth of 1 results in the standard SMA. A period of 1 and smooth of 14 results in a standard EMA. Could probably do better with that but it works and I don't feel like changing it. Setting "Use Rounded" to true results in a plot using the values rounded to the nearest tick. There are also a few other options that you can explore on your own by changing the parameters.
The picture shows both a rounded and normal version.
Category
The Elite Circle
Details:
SMAv1 - Rounded Values
Category:
The Elite Circle
October 17th, 2013
Size: 5.01 KB
1448
MWinfrey
Comments/ratings
TickMonster
October 17th, 2013 05:21 PM
Sweet.
theidman
October 18th, 2013 12:29 AM
Thank You
tcwairoa
October 18th, 2013 03:05 AM
thanks Mike
Richie Z
October 24th, 2013 12:27 AM
Really appreciate your thinking Mike, thanks
Kelsey
April 12th, 2016 11:41 PM
Thanks! Very useful!
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