SMMA

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.


Indicator view on the chart.



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


The second and next smoothed averages are calculated by the following formula:


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.