HL_MA_Band - MetaTrader 5 Script - MQL5 #20261 - MT4/MT5 Resources
The indicator is a variant of Bollinger Bands and Envelopes, based on two moving averages calculated using the Linear Regression Method (LSMA) ( Linear Regression MA ).
It has one input parameter:
Attachment download
📎 hl_ma_band.mq5 (11.91 KB)
Source: MQL5 #20261
HL_MA_Band - MetaTrader 5 Script - MQL5 #20261 Usage and Filtering Advice
HL_MA_Band - MetaTrader 5 Script - MQL5 #20261 is a resource related to foreign exchange 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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