Forecast Moving Average - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Time Forecast Moving Averages were created by John Ehlers ("Rocket Science for Traders," page 212). This was his first leading indicator. Buy when the indicator line is green and sell when the indicator line is red.
Attachment download
📎 ehlerspredictivemovingaverage.mq5 (8.33 KB)
Source: MQL5 #40064
Forecast Moving Average - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Forecast Moving Average - 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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