Set of Eight Moving Averages - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resource
This indicator displays a set of eight moving averages. It allows setting the methods and calculating prices of all MAs simultaneously. Set a separate calculation period for each moving average.
There are three tunable parameters:
Figure 1 SMA method
Figure 2 EMA method
Figure 3 SMMA method
Figure 4 LWMA method
Attachment download
📎 set_of_averages.mq5 (11.52 KB)
Source: MQL5 #19789
A set of eight moving averages - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
A set of eight moving averages - MetaTrader 5 script | Forex indicator download - MT4/MT5 resources are resources related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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