Time-Based Moving Average - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource

The concept is simple: plot price action over several time periods.

Some trading symbols behave very well during the trading day - I mean intraday trading - and this behavior ends up effectively plotting with the exponential moving average suggested in this indicator...

Obviously, this behavior is not possible in all symbols, but you can try it... Just put this indicator on the chart and you will see it with your own eyes...

This indicator is intended for "feeling the trend" purposes. Visual cues are very effective for traders, which is why I created this for my fellow traders in our fraternity…

For those who like dynamic support and resistance...

OK! You can manually place 6 moving averages on the chart, but doing so often, again and again, is pure pain. So this indicator is a shortcut to it. It has 6 moving averages and is fully customizable in terms of timeframe, style and color. These presets are the best I can set for M1, M5, and M15, and follow a visual pattern from hot to cool color approach - faster MAs are hot colors, longer MAs are cooler colors - and the last MA has a dashed gray line representing the entire trading period (day)...

Many traders will be surprised by these patterns... you can give them a try!

For those using the triple screen method, you can find tips for configuring the MA for each time frame in the Settings window:

I hope this helps the community!

If you like this metric, just click the "Like" star...it means a world to me! This way I can continue to share more of what traders want!

Live long and prosper!

Attachment download

📎 minions.timedmas.mq5 (9.99 KB)

Source: MQL5 #24133