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Conservative Moving Average
Summary: This indicator, as it’s name suggests, is a moving average that takes a conservative approach to it’s rate of change. It is less susceptible to volatile spikes, but is also slow to react to rapid changes in price action.
This indicator uses a 20 period value to calulate the moving average values.
It differs in calculation from the standard moving average as it only considers candle values within double the candle average at maximum, and half the average at its lowest.
Change the input to optimise it for your use case!
Most of Omega indicators can use different period values. To change periods:
- Locate the Data Mine and expand it.
- Expand the Indicator Bot node.
- Find the Product Definition -> Data Building Procedure -> Procedure Loop -> Procedure Javascript Code.
- Edit the Procedure Javascript Code node.
- Put the text marker in the edit box, and press Arrow Up until you reach the top of the code.
- Look for "User defined values".
- Enter the values of your choice.
Note: Remember that you have to delete existing data for the indicator in the Data-Storage folder, and re-start the Data Tasks needed for the indicator in the Network node before you can see any changes.
Products, Properties & Examples
| Product Name | Product Variable | Properties |
|---|---|---|
| Conservative Moving Average | cma | cma |
/* EXAMPLE */
//EMA1 is above EMA2
chart.at01hs.candle.close > chart.at01hs.cma.cmaOmega One Data Mine — TOC
You just read page 8 in the topic.
5. Arnaud Legoux Moving Average (ALMA)
6. Triple Arnaud Legoux Moving Average (ALMA)
7. EMA Crossing