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Averages > MATT (Moving Average of total ticks)

Article/Author: U.Jensen

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");