SHL_MA_Band - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The indicator is a variant of Bollinger Bands and Envelopes, based on two smoothed moving averages calculated using the Linear Regression Method (LSMA) ( Linear Regression MA ).
It has two parameters:
Attachment download
📎shl_ma_band.mq5 (18.56 KB)
Source: MQL5 #20263
SHL_MA_Band - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
SHL_MA_Band - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator 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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