3sma - MetaTrader 5 Expert | Forex Indicator Downloads - MT4/MT5 Resources - MetaTrader 5 Resources
Author of the idea : Screenwriter
MQL5 code author : Balabashka Kong
The EA is based on three iMA (Moving Average, MA) indicators, using the MODE_SMA averaging method (simple average). It works on every tick.
"MA 1", "MA 2" and "MA 3" indicator values are taken from bar #0.
“MA 1” is above the spread point of the “MA 2” MA , while the “MA 2” indicator is above the spread point of the “MA 3” MA :
"MA 1", "MA 2" and "MA 3" indicator values are taken from bar #0.
The “MA 1” indicator is below the spread point of the “MA 2” MA , while the “MA 2” is below the spread point of the “MA 3” MA .
If the EA opens a buy position at this time, the buy signal will be ignored. The same goes for sell signals.
"MA 1" and "MA 2" indicator values are taken from bar #0.
Attachment download
📎 3sma.mq5 (30.53 KB)
Source: MQL5 #21495
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