Recursive Moving Average Unlimited

Category: trend

A multi-iterative moving average that applies the smoothing process recursively (N times) to create a highly smoothed trend line with a weighted moving average trigger for crossovers.

Formula

EMA_0 = Close * \alpha + EMA_{0, prev} * (1 - \alpha) \\ EMA_j = EMA_{j-1} * \alpha + EMA_{j, prev} * (1 - \alpha) \\ \text{Composite Trigger} = \sum_{j=0}^{N-1} \frac{2(N-j)}{N(N+1)} EMA_j \text{ where } \alpha = \frac{2}{P+1} \text{ and } N = \text{Iterations}

Inputs

• InpPeriodMA (default: 2)
• InpIteration (default: 20)
• InpMethodMA (default: MOD_EMA)
• inpDisplaySignal

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