BMA or Band Moving Average MT4 - indicator for MetaTrader 4
BMA MetaTrader Indicator or Band Moving Average - is created by using the original Moving Average indicator and an idea from one of the website visitors. The indicator is displayed as three lines: the middle line is a standard MT4/MT5 moving average (can be simple, exponential or weighted), the upper line is the same as the center line but pushes up 2% (default), and the lower line is the same as the center line but pushes down 2%. These two additional lines act as support and resistance levels. This indicator is available for MT4 and MT5.
Attachment download
📎 bma.mq4 (15.47 KB)
Source: MQL5 #55356
BMA or Band Moving Average MT4 - indicator for MetaTrader 4 usage and filtering suggestions
BMA or Band Moving Average MT4 - indicator for MetaTrader 4 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 on titles or short-term profit descriptions.
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