The indicator makes calculations based on data obtained from one of seven (7) moving averages and colors the chart.
Simple moving averages are those that have only one important calculation parameter - the period.
The shift in the indicator is not used.
There is a
shift trick
setting, it is used to smooth the result of calculations. You can see the changes if you reduce this parameter to 1 (minimum value).
shift trick
must always be less than the period value.
Available averages:
-
MA Simple
-
MA Exponential
-
MA LinearWeighted
-
MA Smoothed
-
FrAMA
-
DEMA
-
TEMA
and
The last parameter affects the display with a larger
shift trick
.
The price type is configured. Graph colors.