Syntax
public MHLMA(Bars bars, int highPeriod, int movPeriod, WhichMA option, string description)
public static MHLMA Series(Bars bars, int highPeriod, int movPeriod, WhichMA option)
public enum WhichMA { SMA, EMA }Parameter Description
| bars | Bars used to build MHL MA |
| highPeriod | Period to determine the highest high and low e.g. 15 bars |
| movPeriod | MHL MA smoothing period e.g. 50 bars |
| option | Choice of moving average to smooth the MHL MA: either EMA or SMA |
Description
Created by Vitali Apirine, the MHL MA (middle high-low moving average) from
August 2016 issue issue of Technical Analysis of Stocks & Commodities magazine is a moving average applied to the middle of the high-low range that helps determine the direction of a trend.
Interpretation
- Use the same rules that we apply to SMA when interpreting MHL MA.
Example
Please refer to
TASC August 2016 issue, "The Middle-High-Low Moving Average (Apirine)".