ADXVMA - MetaTrader 5 Script - MQL5 #16846 - MT4/MT5 Resources
ADXVMA — a special moving average. It uses an ADX value to determine the weight of the averaging calculation, which makes it unique in the world of averaging.
It tends to have long "flat" phases, making it one of the few averages that can detect flat phases in the market, but it can also easily be used as a support/resistance indicator.
It uses the usual extended set of 20 price types.
Attachment download
📎 adxvma_1_1.mq5 (9.62 KB)
Source: MQL5 #16846
ADXVMA - MetaTrader 5 Script - MQL5 #16846 Usage and Filtering Advice
ADXVMA - MetaTrader 5 Script - MQL5 #16846 is a resource related to foreign exchange 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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