Smoothed Awesome indicator - indicator for MetaTrader 4

Smoothed Awesome indicator – indicator MetaTrader 4

by

Description:

This indicator is a modification of classical Awesome indicator.

It computes the smoothed rate of change of two smoothed moving averages. More precisely, the indicator has 3 inputs: shortmean and longmean stand for two smoothed moving averages (by default 5 and 34, respectively). The last input, meanAO, indicate the smoothed moving average for the rate of change between the shortmean-longmean.

In the followng image you can show this indicator in a daily chart of EURAUD with inputs 5 and 34 for the exponential means and 7 for the mean of the rate of change. You can compare the indicator with the classical Awesome indicator which has as inputs for the exponential averages 5 and 34 in the following image.

Remark:

I attached an improved version of AwesomeMod indicator as well as a new version, AwesomeMod_EA, useful for EA’s. Here you can show a chart with both versions:

Alternative:   XIT_FIBS - indicator MetaTrader 4

The only difference is that there is just one buffer for the indicator, so if you use it in an EA you have to define:

        double AOModCurrent = iCustom(NULL,0,"AwesomeMod_EA",short_mean,long_mean,meanAO,0,0);

        double AOModPrevious = iCustom(NULL,0,"AwesomeMod_EA",short_mean,long_mean,meanAO,0,1);

Smoothed Awesome indicator – indicator MetaTrader 4
📈 ROBOTFX MetaTrader Expert Advisors and Indicators to maximize profits and minimize the risks

Similar MetaTrader Trading Tools: