Smoother Levels - MetaTrader 5 Script | Forex Indicator Downloads - MT4/MT5 Resources - MetaTrader 5 Resources
"Smoothing" is sometimes called the Eureka mean, although there is no evidence that this is the case. So the name is smoother. This indicator uses the method of finding "self-adjustment" levels to evaluate trend direction and possible support and resistance levels.
You can use color changes as signals
Attachment download
📎 smoother_3lvl9.mq5 (12.08 KB)
Source: MQL5 #24336
Smoother levels - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Smoother Levels - MetaTrader 5 Script | Forex Indicator Downloads - 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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