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Pentuple Exponential Moving Average for Amibroker (AFL)
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2 / 5 (Votes 7)
Tags:
amibroker
After long search i found it’s compatible logic somewhere on net for MT4 platform.
Here is the converted code for PEMA.
u can use it in many codes…
as a Curve Fitting of random price action
Rohan Patel.
rhn_patel@rediffmial.com
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Indicator / Formula
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P = ParamField("Price field");
pr = Param("5 Period ", 15, 2, 500, 1 );
MA1=EMA(P,pr);
MA2=EMA(MA1,pr);
MA3=EMA(MA2,pr);
MA4=EMA(MA3,pr);
MA5=EMA(MA4,pr);
MA6=EMA(MA5,pr);
MA7=EMA(MA6,pr);
MA8=EMA(MA7,pr);
PEMA=8*MA1-28*MA2+56*MA3-70*MA4+56*MA5-28*MA6+8*MA7-MA8;
Plot (PEMA,"\n PEMA"+pr,ParamColor( "PEMA color", colorBrightGreen ), ParamStyle("PEMA style",styleLine | styleThick));1 comments
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Very good & thanks for sharing
viswanath