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vStore   VTL Plugins Free 3rd Generation Moving Average

3rd Generation Moving Average

3rd Generation Moving Average is a Client Side VTL indicator. It is an advanced version of the standard moving average (MA), which implements a rather simple lag-reducing procedure based on the longer MA period. The method was first described by Dr. Mafred Durschner. Moving averages are supposed to smooth data and to remove noise and useless information. Multiple moving average variants are used widely, for example Simple Moving Average (SMA) or Exponentially Moving Average (EMA). One challenge is that moving averages introduce a lag, i.e. the smoothed curve follows the trend usually later. 3rd generation MA reduces the lag and follows price trends closely.


As you see in the image, the 3rd Generation MA (red line) offers slightly less lag than the conventional EMA (green line) and reacts to the price changes faster. You can use the 3rd Generation Moving Average indicator the same as the standard moving average, to detect the current trend direction. It can be used to generate trading signals also, price crossing the 3rd Generation MA can be used as a buy signal and vice versa for sell signals. It is better to use this with other confirmatory signals.

Parameters:
MA Period : This is the long term moving average period for smoothing purpose
MA Sampling Period : This is the 3rd Generation MA Period
MA Method : This decides the MA method used to calculate the 3rd Generation MA. Values can be 0 - SMA, 1 - EMA, 2 - SMMA, 3 – LWMA.
MA Applied Price : This decides the price field used to calculate the MA. Values can be either of these; 0 - PRICE_CLOSE, 1 - PRICE_OPEN, 2 - PRICE_HIGH, 3 - PRICE_LOW, 4 - PRICE_MEDIAN, 5 - PRICE_TYPICAL, 6 - PRICE_WEIGHTED

Usage

  • Download the attachment from vStore or directly from the vStore tab in your terminal by performing a right click on it and selecting Download & Install
  • Copy it to your company VertexFX Local VTL Files folder i.e. C:\ProgramData\VertexFX Client Terminals\"Company name"\VTL10\Local VTL Scripts
  • Restart your Client Terminal or Right Click on "Local VTL Scripts" Tree Node to find the script.

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29 September 2016
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