It seems to be the closest 'open source' substitute for the Jurik Moving Average and I think it could be really useful as a component of other indicators.
Here is the formula:
Smooth = .13785*(2*Price – Price[1]) + .0007*(2*Price[1] – Price[2]) + .13785*(2*Price[2] –Price[3]) + 1.2103*Smooth[1] - .4867*Smooth[2]
This is what I tried, but I couldn't get it to work:
Plot0.Set(0.13785 * (2*Close[0] – Close[1]) + 0.0007 *(2*Close[1] – Close[2]) + 0.13785*(2* Close[2] –Close[3]) + 1.2103*Plot0[1] -0.4867*Plot0[2]);
#property indicator_chart_window #property indicator_buffers 1 #property indicator_color1 Red double smooth[]; int buffers = 0; int drawBegin = 0; int init() { drawBegin = 16; initBuffer(smooth, "MOEF", DRAW_LINE); IndicatorBuffers(buffers); IndicatorShortName("ModifiedOptimumEllipticFilter"); return (0); } int start() { if (Bars <= drawBegin) return (0); int countedBars = IndicatorCounted(); if (countedBars < 0) return (-1); if (countedBars > 0) countedBars--; int s, limit = Bars - countedBars - 1; for (s = limit; s >= 0; s--) { smooth[s] = 0.13785 * (2 * P(s) - P(s + 1)) + 0.0007 * (2 * P(s + 1) - P(s + 2)) + 0.13785 * (2 * P(s + 2) - P(s + 3)) + 1.2103 * smooth[s + 1] - 0.4867 * smooth[s + 2]; } return (0); } double P(int index) { return ((High[index] + Low[index]) / 2.0); } void initBuffer(double array[], string label = "", int type = DRAW_NONE, int arrow = 0, int style = EMPTY, int width = EMPTY, color clr = CLR_NONE) { SetIndexBuffer(buffers, array); SetIndexLabel(buffers, label); SetIndexEmptyValue(buffers, EMPTY_VALUE); SetIndexDrawBegin(buffers, drawBegin); SetIndexShift(buffers, 0); SetIndexStyle(buffers, type, style, width); SetIndexArrow(buffers, arrow); buffers++; }
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