MODIFIED MOVING AVERAGES

MODIFIED MOVING AVERAGES

Type: Function, Name: ModifiedMA

Inputs: Price(Numeric), Length(Numeric);
Variables: Factor(0), Slope(0), SMA(0), MMA(0);

Slope = 0;

For value1 = 1 To Length Begin
Factor = 1 + (2 * (value1 — 1));
Slope = Slope + (Price[value1 — 1] * ((Length — Factor)/2));
End;

SMA = Average(Price, Length);
MMA = SMA + (6 * Slope) / ((Length + 1) * Length);

ModifiedMA = MMA;

Type: Indicator, Name: Modified Mov Avg

Inputs: Price(Close), Length(2);

Plot1(ModifiedMA(Price, Length), «MMA»);

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