ParMA - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Moving average indicator based on the parabolic approximation of price. This indicator uses a pretty good parabolic price approximation algorithm for smoothing.
The indicator uses the CParMA class of the SmoothAlgorithms.mqh library. The use of this class is described in the article "Average price series for intermediate calculations without using additional buffers" .
Attachment download
📎 smoothalgorithms.mqh (133.8 KB)
📎 parma.mq5 (4.43 KB)
Source: MQL5 #433
ParMA - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
ParMA - 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 only on titles or short-term profit descriptions.
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