Download: MATT.ela
File Includes: Indicator - MATT (Moving Average of total ticks)
Category: Indicator > Averages
Description: This indicator plots the weigthed moving average of Upticks+Downticks (total ticks).
Usage:
The most popular method of interpreting a moving average is to compare the relationship between a moving average of the security's price with the security's price itself (or between several moving averages).
EasyLanguage Code:
VALUE1=WAVERAGE((UPTICKS+DOWNTICKS),6);
PLOT1(VALUE1,"TICKS MA");