修正移动平均线（用于倒卖目的） (Modified Moving Average (for Scalping pu)

Dear traders,
Hi.

I have an idea about a modification of moving average indicator and want to share it here. I hope it will be helpful and by your help we improve its performance. The simple idea is described as follows.

Modified MA:

In MA we sum up last p price and divide the summation to the p (number of samples). Instead, if we divide the summation to the value of last price (e.g. close price of the last candle), then we have an oscillating MA:

OSC_MA(i) = c0 - [x(i+p) + x(i+p-1) + ... + x(i+1) + x(i)] / x(i) , i = 0 : Bars;

where c0 is a constant to shift the result toward zero (c0 is set to p).

I have written the MQL4 script for this indicator and attached it.

Notes:
1) For the best accuracy and utilization, it is suggested to use this indicator in 1-Minute time frame and for the purpose of scalping or day trading.

2) The indicator is best to use in divergence condition. When indicator shows divergence, then I find that 1-Minute trend (and sometimes hourly trend) reverse soon or price holds at that level (i.e. waiting for divergence and trading in the direction of hourly trend are vital).

3) Regions between 0.1 ~ 0.15 (selling region) & -0.1 ~ -0.15 (buying region) are of concern when default options are set (period = 90 in 1-Minute time frame). Rarely the indicator approaches 0.2 and -0.2 and beyond.

4) Attention to the support and resistance zones and trend lines would help the trader for better entry and exit points.

5) In a short trend, pullbacks from level "0" may be the initial of consequent waves to reach higher highs or lower lows and trade the pullback (from 0) in a trend seems a safer trade.

6) Suggested currency pair: EUR/USD.

I have attached an image which shows the action of the indicator in 1-Minute time frame.

Please note that the indicator alone is not enough to trade, one should use his/her knowledge of trading. Please check the indicator on a demo account!

Your opinions and ideas would improve the indicator and are appreciated.