Ma_Distance_From_Price - MetaTrader 5 Script - MT4/MT5 Resource
David W. Honeywell
Semaphore signal indicator when the trend force (measured by price deviation from the moving average) is above a fixed limit. The measured deviation is defined using the threshold of the indicator's PipLevel input variable (trigger level of the moving average in points).
The indicator was first implemented in MQL4 and published in the code base of mql4.com on October 12, 2007.
Figure 1 Ma_Distance_From_Price indicator
Attachment download
📎 ma_distance_from_price.mq5 (7 KB)
Source: MQL5 #1514
Ma_Distance_From_Price - MetaTrader 5 script usage and filtering suggestions
Ma_Distance_From_Price - MetaTrader 5 script is a resource related to Forex 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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