![]() The image above shows the various choices available, with the default method of 'Close' highlighted.Īs you can see, the MetaTrader 4 moving average of oscillator uses a MACD, with a simple moving average (SMA) used for the signal line. The final choice, 'Apply to', defines the type of price value used for the calculations. Three of these are the periods over which the various averages will be calculated. Source: MetaTrader 4 - Setting the parameters for the OsMA indicator in MT4Ĭlicking on the indicator's name launches a dialogue window that allows you to set four basic parameters. The OsMA indicator is included in the 'Oscillators' folder being listed as 'Moving Average of Oscillator': The standard indicators that come embedded with MetaTrader 4 are sorted into four basic groups in the platform's Navigator. If you want an indicator that uses values from a different oscillator, you will have to make a custom OSMA indicator download. Remember, the MetaTrader 4 moving average oscillator deals exclusively with the MACD values. The Moving Average Oscillator comes as one of the standard indicators bundled with the MetaTrader 4 platform. As this is the method utilised by MetaTrader 4, this is what we will primarily be focusing on. Surprisingly, the most common form of OsMA uses a MACD. It's worth pointing out that you don't always have to use a MACD - you can in fact use any oscillator, applying a basic principle of calculating the OsMA as the difference between an oscillator and its smoothed average. To be more exact, it is calculated as the difference between the MACD and the signal line value: OsMA is the difference between these two key values of the MACD indicator. The indicator also plots a signal line, which is a 9-period moving average of the MACD value. ![]() The main MACD line is the difference between a 12-period exponential moving average (EMA) and a 26-period EMA. The MACD (or Moving Average Convergence/Divergence) is itself an oscillator. To further explain the moving average oscillator indicator, let's first take a quick look at what the MACD indicator actually consists of. More specifically, the values displayed by the OsMA indicator are most commonly derived from the MACD indicator. In the most generic sense, the oscillator of moving average is the difference between an oscillator and its smoothed version. In this article we'll discuss the calculations behind the indicator, and how you can use the tool in MetaTrader 4. ![]() How so? By measuring how far an oscillator lies from its moving average. The oscillator of moving average (OsMA), also known as the moving average oscillator indicator, is a tool that attempts to identify whether a market is overbought or oversold. ![]()
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