If you're trading on MetaTrader 5, you might be looking for ways to enhance your strategy. One tool that can help you is the Smoothed Accelerator indicator. This nifty indicator plots a smoothed value based on the following formula:
Out[i]=MathLog(Close[i]/Close[i+ExtPeriodAcc]),
Here, ExtPeriodAcc represents the accelerator period, which you can set using the "Acc period" input parameter. The indicator smooths data using a four-pass Exponential Moving Average (EMA), with the period defined in the "MA period" input parameter.
Input Parameters:
- Acc period: This is your accelerator period.
- MA period: This sets the averaging period.
- N History: This specifies the number of bars to plot.
Understanding how to use the Smoothed Accelerator can really give your trading an edge. So why not give it a try in your next session?
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