Index Range Average and Bias Shift - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The indicator calculates and plots the exponential moving average of the true range, and the offset of its deviation from the exponential moving average.
The code uses conditional compilation and will be compiled on MQL4 and MQL5.
Please note that the source code for all my codebase publications is now also available in the "Public Projects" tab with the meta-editor name "FMIC".
Attachment download
📎 exponential_range_average_3_deviation_offset.mq5 (14.95 KB)
Source: MQL5 #39802
Index Range Average and Bias Offset - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Index Range Average and Deviation Offset - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 resources are resources related to Forex indicators. 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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