ColorX2MA - Parabola - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Real author:
Nikolai Kosichin + Lucas 1
The iSAR technical indicator uses the X2MA moving average as the underlying price sequence. A given indicator attempts to smooth the parabola through a moving average to increase the credibility of its signal.
The indicator was first implemented in MQL4 and released in the code base on January 27, 2009.
Figure 1 ColorX2MA - Parabolic indicator.
Attachment download
📎colorx2ma-parabolic.mq5 (15.87 KB)
📎 smoothalgorithms.mqh (133.8 KB)
Source: MQL5 #1192
ColorX2MA-Parabolic-MetaTrader 5 Script|Forex Indicator Download-MT4/MT5 Resource Usage and Screening Suggestions
ColorX2MA-Parabolic-MetaTrader 5 Script | 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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