LSMA - MetaTrader 5 Script - MQL5 #1499 | Forex Indicator Download - MT4/MT5 Resources
Real author:
A typical moving average can be used with all technical analysis methods just like a simple moving average. The advantages of this indicator compared to the classic Moving Average may perhaps only be distinguished when used in Expert Advisors.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on October 18, 2007.
Figure 1 LSMA indicator
Attachment download
📎lsma.mq5 (8.25 KB)
Source: MQL5 #1499
LSMA - MetaTrader 5 Script - MQL5 #1499 | Foreign Exchange Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
LSMA - MetaTrader 5 Script - MQL5 #1499 | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. 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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