Iterative Moving Average

<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; Iterative Moving Average – IMA. &nbsp; IMA is obtained by correcting the usual &nbsp; MA. &nbsp; The correction consists in addition &nbsp; to MA averaged difference between the time series (X) and its MA, i.e. &nbsp; IMA(X)=MA(X) + MA (Х-MA(X)). Correction is done in several iterations (and, exactly, 2 iterations in this indicator) and with a change in the averaging period. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As a result, the time-series points begin to cluster around (on all sides) of the getting &nbsp; IMA and with a smaller delay than around the usual MA. Therefore, IMA is a more effective tool for manual and automatic trading than all types of conventional MA &nbsp; (SMA, EMA, SSMA, LMA). &nbsp; Formulas for IMA are given in the last screenshot. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; &nbsp; Indicator Settings. &nbsp; Price type . Values: Close</p>