Ultimate_MA
Download script
This script is designed to generate a sophisticated technical analysis indicator called the Ultimate Moving Average (UMA). Unlike standard moving averages that rely on a single timeframe, this logic combines three different timeframes—Fast, Middle, and Slow—to provide a more balanced view of market trends while reducing "noise" or false signals.
Data Foundation
The logic begins by establishing a baseline for the price action. Instead of just looking at the closing price, it calculates a weighted average of every candle's movement. It specifically looks at the open, high, low, and close prices, giving more weight to the center of the price action (the midpoint between open/close and high/low). This creates a smoother underlying data set for the remaining calculations.
Multi-Timeframe Integration
The core strength of this script lies in its three-layered approach:
- Fast Component: Tracks immediate, short-term price changes.
- Middle Component: Observes intermediate trends to bridge the gap between rapid moves and long-term shifts.
- Slow Component: Monitors the broader, long-term market direction.
By merging these three layers, the script attempts to capture both the current momentum and the historical context simultaneously.
Dynamic Volatility Adjustment
A key feature of this logic is how it handles market volatility. The script incorporates an Average True Range (ATR) calculation for each of the three components.
Essentially, the indicator "knows" when the market is volatile. When price swings are large and erratic, the ATR values increase. The script uses these values to adjust the weight of each timeframe. If one timeframe becomes excessively volatile, it doesn't allow that volatility to over-influence the final result. Instead, it normalizes the data so that the indicator remains steady and provides a more reliable "smoothed" line on your chart.
Final Calculation
In the final step, the script takes the weighted results of all three timeframes (adjusted for their specific volatility) and divides them by a combined total. This produces a unified "Ultimate" value.
The result is a single moving average line that is designed to be responsive enough to catch trends early but stable enough to ignore temporary market fluctuations that often trick simpler indicators.
ÿþ/ / + - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - +
/ / | U l t i m a t e M A . m q 4 |
/ / | C o p y r i g h t © 2 0 0 7 , M e t a Q u o t e s S o f t w a r e C o r p . |
/ / | h t t p : / / w w w . m e t a q u o t e s . r u / |
/ / + - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - +
# p r o p e r t y c o p y r i g h t " C o p y r i g h t © 2 0 0 7 , M e t a Q u o t e s S o f t w a r e C o r p . "
# p r o p e r t y l i n k " h t t p : / / w w w . m e t a q u o t e s . r u / "
/ / - - - -
# p r o p e r t y i n d i c a t o r _ c h a r t _ w i n d o w
# p r o p e r t y i n d i c a t o r _ b u f f e r s 1
# p r o p e r t y i n d i c a t o r _ c o l o r 1 M e d i u m V i o l e t R e d
/ / - - - - i n p u t p a r a m e t e r s
e x t e r n E N U M _ M A _ M E T H O D M A _ M e t h o d = M O D E _ S M A ; / / M e t h o d
e x t e r n i n t f a s t p e r i o d = 5 ; / / F a s t P e r i o d
e x t e r n i n t m i d d l e p e r i o d = 3 4 ; / / M i d d l e P e r i o d
e x t e r n i n t s l o w p e r i o d = 5 5 ; / / S l o w P e r i o d
e x t e r n i n t f a s t K = 4 ; / / F a s t M u l t i p l i e r
e x t e r n i n t m i d d l e K = 2 ; / / M i d d l e M u l t i p l i e r
e x t e r n i n t s l o w K = 1 ; / / S l o w M u l t i p l i e r
/ / - - - - b u f f e r s
d o u b l e U O B u f f e r [ ] ;
d o u b l e B P B u f f e r [ ] ;
d o u b l e d i v i d e r ;
/ / + - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - +
/ / | C u s t o m i n d i c a t o r i n i t i a l i z a t i o n f u n c t i o n |
/ / + - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - +
i n t i n i t ( )
{
/ / - - - - i n d i c a t o r s
s t r i n g n a m e ;
n a m e = " U M A ( " + f a s t p e r i o d + " , " + m i d d l e p e r i o d + " , " + s l o w p e r i o d + " ) " ;
I n d i c a t o r B u f f e r s ( 2 ) ;
S e t I n d e x S t y l e ( 0 , D R A W _ L I N E , E M P T Y ) ;
S e t I n d e x B u f f e r ( 0 , U O B u f f e r ) ;
S e t I n d e x D r a w B e g i n ( 0 , s l o w p e r i o d ) ;
S e t I n d e x B u f f e r ( 1 , B P B u f f e r ) ;
I n d i c a t o r S h o r t N a m e ( n a m e ) ;
I n d i c a t o r D i g i t s ( 5 ) ;
d i v i d e r = f a s t K + m i d d l e K + s l o w K ;
/ / - - - -
r e t u r n ( 0 ) ;
}
/ / + - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - +
/ / | C u s t o m i n d i c a t o r d e i n i t i a l i z a t i o n f u n c t i o n |
/ / + - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - +
i n t d e i n i t ( )
{
/ / - - - -
r e t u r n ( 0 ) ;
}
/ / + - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - +
/ / | C u s t o m i n d i c a t o r i t e r a t i o n f u n c t i o n |
/ / + - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - +
i n t s t a r t ( )
{
i n t c o u n t e d _ b a r s = I n d i c a t o r C o u n t e d ( ) ;
/ / - - - -
i n t i , l i m i t , l i m i t 2 ;
d o u b l e R a w U O ;
i f ( c o u n t e d _ b a r s = = 0 )
{
l i m i t = B a r s - 2 ;
l i m i t 2 = B a r s - s l o w p e r i o d ;
}
i f ( c o u n t e d _ b a r s > 0 )
{
l i m i t = B a r s - c o u n t e d _ b a r s ;
l i m i t 2 = l i m i t ;
}
f o r ( i = l i m i t ; i > = 0 ; i - - )
{
B P B u f f e r [ i ] = ( 2 * ( ( O p e n [ i ] + C l o s e [ i ] ) / 2 ) + ( ( H i g h [ i ] + L o w [ i ] ) / 2 ) ) / 3 ;
}
f o r ( i = l i m i t 2 ; i > = 0 ; i - - )
{
R a w U O = ( f a s t K + 3 * i A T R ( N U L L , 0 , f a s t p e r i o d , i ) ) * i M A O n A r r a y ( B P B u f f e r , 0 , f a s t p e r i o d , 0 , M A _ M e t h o d , i )
+ ( m i d d l e K + 3 * i A T R ( N U L L , 0 , m i d d l e p e r i o d , i ) ) * i M A O n A r r a y ( B P B u f f e r , 0 , m i d d l e p e r i o d , 0 , M A _ M e t h o d , i )
+ ( s l o w K + 3 * i A T R ( N U L L , 0 , s l o w p e r i o d , i ) ) * i M A O n A r r a y ( B P B u f f e r , 0 , s l o w p e r i o d , 0 , M A _ M e t h o d , i ) ;
d i v i d e r = ( f a s t K + 3 * i A T R ( N U L L , 0 , f a s t p e r i o d , i ) ) + ( m i d d l e K + 3 * i A T R ( N U L L , 0 , m i d d l e p e r i o d , i ) ) + ( s l o w K + 3 * i A T R ( N U L L , 0 , s l o w p e r i o d , i ) ) ;
U O B u f f e r [ i ] = R a w U O / d i v i d e r ;
}
/ / - - - -
r e t u r n ( 0 ) ;
}
/ / + - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - +
Comments