Range Moving Average Indicator

Summary

The document briefly describes Rj_RMA, an indicator that calculates a moving average from price highs and lows over a period. It identifies the indicator’s author and says it was originally written in MQL4, but gives no formula details, parameter guidance, or trading rules.

The note provides no performance evidence or examples showing how the range-based average behaves compared with a conventional price moving average. Its practical value is therefore limited to introducing the indicator’s basic input concept. It does not explain how to interpret its output, select a period, or manage signals, so traders would need implementation details and independent testing before using it in a strategy.

Key ideas

• Rj_RMA calculates a moving average using period highs and lows.
• The document does not specify the calculation formula or indicator settings.
• No signal rules or performance evidence are provided.

Tags

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