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Amend EMA to reset at each session

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    Amend EMA to reset at each session

    Hello,

    How do I amend the EMA indicator to make it reset its calculation at the start of each session?

    Currently if there is a gap up / gap down, the EMA becomes distorted because it is still using values from the previous day.

    The EMA indicator now has only 1 line.

    Code:
    Value.Set(CurrentBar == 0 ? Input[0] : Input[0] * (2.0 / (1 + Period)) + (1 - (2.0 / (1 + Period))) * Value[1]);
    Thanks.

    #2
    You can use the FirstBarOfSession Property to reset the the value at that time. This works from the SessionTemplate you have applied to the chart.

    Code:
    if(Bars.FirstBarOfSession)
    			{
    				Value.Reset();
    			}
    			else
    			Value.Set(CurrentBar == 0 ? Input[0] : Input[0] * (2.0 / (1 + Period)) + (1 - (2.0 / (1 + Period))) * Value[1]);
    MatthewNinjaTrader Product Management

    Comment


      #3
      Thanks that seems to work =)

      Comment

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