Metatrader Indicator

Everybody is aware of the metatrader Platform for forex.  Its popularity and use is wide ranged and surpasses any software for trading,   It  has proved to be the incubator for a wide variety of indicators and systems.  The Russians have a very great contribution t development of many of these Indicators. I have always been intrigued by these Indicators and have attempted to translate many of these indicators in to Amibroker AFLS. Some of these are already available at my web site.  

Forex has its own peculiarities in terms of volatility, globalized and 24 hours trading. Many of the indicators which seem to work well in forex trading would not work for stocks and other instruments. So it is difficult to use these indicators as they are. We need to modify / fine tune these to suit for trading other instruments. 

The first Indicator we are going to look at is a very popular one called the "STEP MA". It was developed by the Igor of Trend laboratory yahoo group.  Then came variation of the same like Step MA stochastic and even Step RSI...

The Step Moving Average is an indicator which is only allowed to change in discrete steps calculated based on the Range calculation or constant step size. When price is within the constraints of the step size the moving average line remains flat. When price is trending, the moving average moves incrementally in the direction of the trend. 

Here is a Image of the MT4 Indicator

Now a Image of the same Indicator in Amibroker

The StepMA Afl