Sma and NET - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
NET (Noise Removal Technology) - a rolling Kendall Rank Correlation Coefficient - was introduced into one of the RSI indicators published in this code base.
It is now used to determine the "trend" of a simple moving average. Therefore, it has a different slope than the SMA, don't be surprised that the slope and trend color change can sometimes deviate
Attachment download
📎 sma_with_net.mq5 (9.31 KB)
Source: MQL5 #37605
Sma and NET - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resource usage and screening suggestions
Sma and NET - 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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