Go - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
This indicator shows current market trends.
The calculation method is as follows:
Go = SMA(closing price [bar] - opening price [bar], period)
Basic signals of indicators:
The author recommends using this indicator with a smoothing period of 174, but other values can also be used.
The indicator uses the СMoving_Average class of the SmoothAlgorithms.mqh library. The use of this class is described in detail in the article "Average price series for intermediate calculations without using additional buffers" .
The indicator was first implemented in MQL4 and released in the code base on August 3, 2006.
Attachment download
📎 go.mq5 (5.44 KB)
📎 smoothalgorithms.mqh (133.8 KB)
Source: MQL5 #440
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