Moving Average - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
In “ Moving Averages ” (Part 1, TASC July 2021 issue) and “Moving Average Bandwidth” (Part 2, TASC August 2021 issue), author Vitaly Apilin explains how to use the moving average as a trend following indicator by showing how the short-term moving average moves relative to the longer-term moving average
That's why the Moving Average indicator only takes o changes compared to the original price: you can choose the price (while the original price only uses the closing price)
Attachment download
📎 moving_average_bands.mq5 (10.96 KB)
Source: MQL5 #36925
Moving Average - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
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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