MHL Average - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
This is what Vitali describes as the "mid-high-low moving average" Apirin. It is not a single average, but a correlated average of two averages: one is the regular average, and the other is the average's highest highs and lowest lows. Their crosses show the current "trend" of the situation. Used the default parameters proposed by Vitali Apirin - it seems they are pretty good, except that by default he uses SMA while I decided to set EMA as the default averaging method, but I do recommend experimentation with some parameters..
Attachment download
📎 mhl_average_-_alertsl1v.mq5 (12.12 KB)
Source: MQL5 #16516
MHL Average - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
MHL Average - MetaTrader 5 Script | Trading Script Download - MT4/MT5 resources are trading script related resources. 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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