Smoothed Moving Average, SMMA shows a smoothed average value of the instrument price for a specific time period. To calculate the Smoothed Moving Average, the instrument price is averaged mathematically for that period. While the price changes, its average either increases, or declines.
Smoothed moving average (SMMA)
The first value of this smoothed average is calculated as the simple moving average (SMA).Sum1 = SUM (CLOSE (i), (N))
SMMA1 = SUM1/N
SMMA (i) = (SUM1-SMMA (i-1) CLOSE (i))/N
Where:
SUM — the sum
Sum1 - the sum of closing of N periods counted from the previous bar
SMMA (i-1) — smoothed moving average of the previous bar
SMMA (i) — smoothed moving average of the current bar (except the first one)
Close (i) — current price of closing
N — period of smoothing.
To add and set up this indicator, open the settings window.
Common.
Sourse - setup of the indicator calculation parameters:
- Open
- High
- Low
- Close
- Volume
Period - setup of the indicator calculation period.
Drawing.
Panel - selection of the indicator position on the chart:
- New panel.
- Chart.
SMMA
Show value - display of the indicator value on the left on the price scale.
Scale - if this option is on, the scale is calculated automatically based on the minimum and maximum values of the indicator to fit the latter in the chart.
Color - color setup of the indicator.
Visual type - visual setup of the indicator display on the chart:
- Line
- Histogram
- Hash
- Block
- Cross
- Square
- Dots
- Up arrow
- Down arrow
- Axis label
- Hide
Line style - setup of the line display:
- Solide
- Dash
- Dot
- Dash-dot
- Dash-dot-dot
Width - width setup for the indicator line.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article