Two- and Three-Pass Moving Averages Using a Custom Averaging Algorithm
Summary
This brief entry identifies two MetaTrader indicators built around moving averages: one applies a custom averaging algorithm twice, while the other applies it three times. The averaging method is attributed to an author named Neutron, and the indicators are associated with a code listing. The description establishes the basic distinction between the two tools: they use the same underlying algorithm with different numbers of applications.
The entry does not explain the algorithm, specify its formula or parameters, or discuss how the repeated averaging changes lag, smoothness, or signal behavior. It also provides no chart examples, market tests, or trading rules. As a result, it offers only a minimal orientation to the indicators; traders would need the implementation details and independent evaluation to assess whether either average is useful for a particular strategy.
Key ideas
- The entry describes two moving-average indicators based on a custom averaging algorithm.
- One indicator applies the algorithm twice, while the other applies it three times.
- The averaging approach is attributed to Neutron.
- No formula, trading rule, performance evidence, or discussion of signal behavior is provided.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.