Average of Absolute value

[greg108]

I am trying to write a formula - Average of Absolute value of an oscillator. Average should be exponential with length and backshift option.

Is it possible in studies, what about return points?

Appreciate the sample.

Thanks,

Greg.

[JayF]

I thought this would work, but it does not. Attached is what I have so far, but the EMA isn't reflecting the absolute value of the Osc.

Anyone else know of a method to do this, without having to manually calculate the EMA? Is there even a way to do this in the Formula Wizard?

[eSignal_JasonK]

This one isn't possible with the wizard as you can't pass the absolute value of the price oscillator study to the MA study as the price source.

This would require a custom formula, which you can download below. The formula has four parameters that can be changed via "Edit Studies."

EMA Length - Default is 10
nFastLength - Default is 21 (Price Osc Study)
nSlowLength - Default is 10 (Price Osc Study)
nOffset - Default is 0

PriceOscEmaAbs.efs