Final Moving Average - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resources
Moving average based on Ultimate Oscillator (I modified the code for Ultimate Oscillator). It calculates the weighted average of three moving averages (simple, exponential, smoothed or linearly weighted). Height adjustable, 3 sessions and weight for each session.
IMHO it tracks the trend better than a single moving average and it can also be used as an entry/exit signal when crossing a bar or stop loss.
This is a very good alternative to SMA or EMA for those who don't like clutter. For example. Use one ultimate moving average instead of two/three moving averages (or moving averages).
In this example, it is clearly very close to the SMA(5)/SMA(34) intersection.
Attachment download
📎ultimate_ma.mq4 (6.39 KB)
Source: MQL5 #17215
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