EMA LWMA RSI - MetaTrader 5 Expert | Forex Indicators Download - MT4/MT5 Resources
The author of the idea - Vladimir Hristov
mq5 code author - Bara Bashkakon
The Expert Advisor uses two iMA (Moving Average, MA) indicators and one iRSI (Relative Strength Index, RSI). One of the iMAs uses the MODE_EMA averaging method , the second one uses the MODE_LWMA (the averaging method cannot be changed, because the idea of the trading system is to use this method).
The EA runs on the opening of a new bar and opens only one position at a time, so it can be used on both hedging and netting accounts.
A buy opening signal acts as a sell closing signal and vice versa: a sell opening signal acts as a buy closing signal.
Attachment download
📎 ema_lwma_rsi.mq5 (57.63 KB)
Source: MQL5 #23239
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •
