Filtered Average - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources
Indicator that uses a self-adjusting filter (published and described here: Filter Price ) but applied to one of 4 averages:
The filter size is the "size" of the self-adjusting bias and can be a decimal.
You can use color changes as signals.
Attachment download
📎 filtered_averages.mq5 (11.14 KB)
Source: MQL5 #23176
Filtered Average - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
Filtered Average - MetaTrader 5 Script | Trading Script Download - MT4/MT5 resources are trading script 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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