MAO Oscillator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

Vitaly Postorach

A simple oscillator based on the difference between two MA values ​​with different periods (fast MA - slow MA) or the same period but with several "lags" (variable in i period ).

The indicator uses SmoothAlgorithms.mqh library class (copy it to \MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.

The indicator was originally written in MQL4 and first published in the code base on July 21, 2014.

Figure 1. Indicators MAOscillator and MAOscillatorHist

Attachment download

📎 MAOscillator.mq5 (9.06 KB)

📎 MAOscillatorHist.mq5 (9.79 KB)

📎 SmoothAlgorithms.mqh (130.2 KB)

Source: MQL5 #14904