If you're diving into the world of trading, you might want to check out the Step Moving Average (StepMVA) for MetaTrader 5. This nifty indicator takes the classic moving average and gives it a twist.
What is StepMVA?
StepMVA is a moving average indicator that introduces two key input parameters:
- Period - This defines the calculation period.
- Step - This determines the step size.
The calculation process is akin to that of a Simple Moving Average. However, it selectively excludes certain prices based on the step size you set.
For instance, if you set the parameters to Period = 4 and Step = 2, your calculation would look like this:
StepMA = (Close[i] + Close[i+2] + Close[i+4] + Close[i+6]) / 4.0
Keep in mind: If you set Step = 1, the indicator behaves just like a traditional simple moving average.
Step Moving Average: Period = 4, Step = 2
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