Modified_Moving_Average - MetaTrader 5 Script - MT4/MT5 Resources

Modified Moving Average indicator. This was described in the January 2000 issue of Stocks & Commodities.
The indicator has a small lag.

It has two input parameters:

 MMM = MA + 6 * slope/K
MA - SMA (applied price, period)
Slope = sum over "period" range (applied price * (period factor) / 2)
Coefficient = 1 + 2*(N-1)
N = 'Period' value from 1 to period K = period*(period+1)
 Attachment download
 📎 modified_moving_average.mq5 (8.77 KB)
 Source: MQL5 #21840
Modified_Moving_Average - MetaTrader 5 script usage and filtering suggestions
 Modified_Moving_Average - MetaTrader 5 script is a resource 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.