MarcoValente

The Middle-High-Low Moving Average

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A standard EMA and a Middle-High-Low EMA give a good signal when they cross
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//@version=2
study("The Middle-High-Low Moving Average",overlay=true)
len = input(35,title="Period")
smooth = input(100,title="Smooth")

MHL = 0.5 * ( highest( len ) + lowest( len ) )
em=ema(MHL,smooth)
plot( em, title="MHL EMA" ,linewidth=2, color =red )

// standard EMA and bar chart 
plot( ema( close, smooth ), linewidth=2, color=green )

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