Price Area Oscillator - Smoothing - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
One of the problems that can arise withthe Price Area Oscillator indicator is that its slope tends to be "too fast".
This version attempts to solve this problem. Here's a comparison of the two: lag is minimal and the availability of smoothed values is evident.
Attachment download
📎 price_zone_oscillator_smoothed.mq5 (11.84 KB)
Source: MQL5 #21621
Price Area Oscillator - Smoothing - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Recommendations
Price Area Oscillator - Smoothing - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 resources are resources 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.
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