EF Distance: A Smoothed Moving Average with Configurable Price Inputs

Summary

The document introduces EF_distance as a variation on moving averages and lists its configurable inputs: smoothing length, averaging power, applied price, horizontal bar shift, and vertical point shift. These settings indicate that the indicator transforms a selected price series through a smoothing calculation, with the power parameter controlling the degree of averaging.

The source gives no formula, chart interpretation, trading rules, or performance evidence, so it does not explain how to use the resulting line or what signals it may provide. It identifies the indicator as an MQL4 implementation published in 2008, but that history does not establish its effectiveness. The material is therefore useful mainly as a concise description of adjustable parameters; traders would need the underlying implementation and independent testing to assess its behavior.

Key ideas

• EF_distance is presented as a variation on moving averages.
• Its inputs allow users to set smoothing length and averaging power.
• The calculation can use different price fields and apply horizontal or vertical shifts.
• The document gives no calculation formula, trading rules, or performance results.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.