Moving Average Candlesticks MT5 - MetaTrader 5 Script | Forex Indicators Download - MetaTrader 5 Resources
Moving Average Candlesticks MetaTrader indicator — is a standard chart visualization moving average Use candlestick strips. It draws candlesticks based on the calculated moving average of the closing, opening, low, and high prices. It allows you to see a compact snapshot of more detailed market information than the classic MA indicator. It works with any currency pair, time frame and MA pattern. This indicator is available for MT4 and MT5.
This indicator is not a good indicator for direct trading. It only indicates moving average crossovers and some other parameters of the chart. Use it to spot irregularities in price action by observing the length of the candle body and the length of the shadow (wick). A change in color may appear to be a good entry signal, but it can also give a lot of false signals.
Attachment download
📎 ma-candlesticks.mq5 (3.51 KB)
Source: MQL5 #55398
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