Indicators

Resetting Average

Developer: MOOMOOFOREX

Don’t you hate it when there has been a spike in the market leaving your moving averages lagging behind? Wouldn’t it be nice if the moving average could somehow take this spike into account and reset itself?

Introducing the Resetting Moving Average – a Simple Moving Average (SMA) with the capability to reset itself once the price reaches the configured standard deviation level. If the price doesn’t spike for a while, no problems, the average will be just like any other SMA.

PARAMETERS

The following are inputs available in the application:

  • Periods – the length of the full moving average. Note the actual length of the moving will actualyl be less than this if the last reset was within the range. Default is 21.

Reset threshold – the number of standard deviations, which if reached, causes the moving average to reset. Default is 2.0

Risk Disclaimer

The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.

Requirements

This indicator is only compatible with FXCM’s Trading Station Desktop. Additionally, an FXCM account is required (including free FXCM demo accounts).

Forex Capital Markets, LLC. (“FXCM LLC”) is an independent legal entity and is not affiliated with John Colonna or MooMooForex. MooMooForex is not owned, controlled, or operated by FXCM LLC and John Colonna is not an employee, agent or partner of FXCM LLC.

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