Step Moving Average

The indicator calculates the moving average of Hull and draws price movement in steps. To some extent, it is similar to a Renko chart, because a new horizontal line is drawn after the prices moves a fixed distance in any direction.

Input parameters

• PeriodHMA — Moving Average Period
• MethodHMA — Smoothing method for MA
• PriceHMA — Applied price for MA
• StepHMA — Step in pips

Output buffers

• HMA (0) — Hull Moving Average value
• Steps (1) — Price level
• Bars (2) — Duration (in bars) of the current price level: 1 - first bar, 2 - second bar, etc.

Notes

• Price levels are not rounded. They are calculated starting at first HMA value.
• Parameters are automatically adjusted to 4 or 5 digits quotations.
• Indicator can be used in EAs and manual trading.