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4MA Candles - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources

author EAcpu | 5 reads | 0 comments |

4MA Candles - indicator for MetaTrader 5

It only shows candles based on 4 averages: the average of open, close, high and low. There are 4 basic types of averages (simple, smoothed, linearly weighted, exponential).

I suggest trying some method of calculating periods.

4MA Candles - indicator for MetaTrader 5


Attachment download

📎 4_ma_candles.mq5 (5.47 KB)

Source: MQL5 #16506

4MA Candles - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions

4MA Candles - 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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