This is a Rainbow MA indicator based on SMA - MetaTrader 4 Script - MT4/MT5 Resources
This indicator uses various SMAs to indicate possible reversal points. - Free download of the "This is the Rainbow MA indicator based on SMA" indicator for MetaTrader 4 in the MQL5 code base, presented by "dipdeb2017", April 14, 2019
Attachment download
📎 sma_rainbow.png (39.29 KB)
📎 sma_rainbow.mq4 (4.22 KB)
Source: MQL5 #25267
This is a Rainbow MA indicator based on SMA - MetaTrader 4 script usage and screening recommendations
This is a Rainbow MA indicator based on SMA - MetaTrader 4 script belonging to Forex 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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