IndMATEMA indicator based on the cross of two MAs and two TEMAs - MetaTrader 5 script
In the average curves (MA and TEMA) for the same period and price growth, The curve drawn for the closing price will be the same as the curve drawn for the opening price. The opposite happens when prices fall. The combination of two TEMA shows the price movement in too much detail, while the two МА does not show the existence of the trend very well. gave an interesting result.
The indicator is displayed in a separate window in the form of a histogram. Price changes are shown in color: Green is rising, red is falling. The point of entry into the market can be plotted in another color: Blue is long positions, yellow is short positions (Should be commented in the indicator text).
The indicator has incremental values that allow to "eliminate" flat "noise", Shown in gray (non-zero parameter values).
The idea is to receive a signal when an average period curve crosses Parameter selection in the tester of the Expert Advisor with different types of prices (opening and closing prices) but using this indicator different periods Averaging gave unexpectedly successful results.
Attachment download
📎 indmatema.mq5 (7.34 KB)
Source: MQL5 #1289
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