Colored Classic Moving Average - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource
Five classic moving averages exist:
The indicator displays colored moving averages.
It has three parameters:
This version is faster and the code is more flexible and reusable
Technical specifications
A full description of the MA is available at Technical Analysis: Moving Averages
Attachment download
📎 ma_colored.mq5 (11.53 KB)
Source: MQL5 #32558
Colored classic moving average - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Colored classic 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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