CA - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

CA (modified average) indicator, also known as the best moving average. The benefit of this indicator is that the current value of the time series must exceed the current threshold, which depends on the volatility of the price followed by the indicator line, thus avoiding false signals in the trend.

The indicator has three configurable parameters:

 CA = PrevCA + k * (MA-PrevCA)

Where:

 MA - MA (applicable price, period, method)

If diff2 > Dev:

 k=1-Dev/diff2

otherwise:

 k = 0

 Deviation = Standard Deviation * Standard Deviation StdDev - Standard Deviation (Apply Price, Period)
Difference 2=Difference*Difference,
diff=PrevCA-MA