F2a_AO - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Use the three semaphore arrow indicator navel MA moving average.
Obtain the MACD value and define the moment when the MACD changes direction based on two moving averages. If the direction of the signal obtained coincides with the trend direction of the third moving average, a signal arrow will be formed.
Like all arrow indicators, this one works great on trends but is useless on sideways!
The indicator was first implemented in MQL4 and released in the code base on February 5, 2009.
The indicator uses the SmoothAlgorithms.mqh library class (must be copied to 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.
Figure 1 F2a_AO indicator
Attachment download
📎 f2a_ao.mq5 (8.36 KB)
📎 smoothalgorithms.mqh (134.03 KB)
Source: MQL5 #1652
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