MaByMa - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Colored cloud using two consecutive averages of the price series.
The idea of this indicator: the relationship of one moving average to another. This is a good alternative to two moving averages in a simple trend trading system. The author's research clearly shows that this signal system has significant advantages compared to systems based on two moving averages - therefore, the author recommends that all traders using moving average crossovers switch to MaByMa.
The indicator uses the SmoothAlgorithms.mqh library class (must be copied to the terminal data folder \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 original indicator was developed in MQL4 language and published in the code base on March 30, 2013.
Figure 1. MaByMa indicator
Attachment download
📎 MaByMa.mq5 (8.05 KB)
📎 smoothalgorithms.mqh (134.03 KB)
Source: MQL5 #11342
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