DMA - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

DMA indicator, where the period parameter is the number of days N in the calculation formula below.

This indicator has two input parameters:

The default time frame is M15. Default calculation period: N = 17.

 DMA[i] = E*price[i]+(1-E)*DMA[i-1],
 where E = D*D,
D = C*2/31+(1-C)*2/3,
C=A/B,
A = Price[i] - Price[i-Period+1],
B = Sum(Price[i]-Price[i-1]) from (i-Period+1) to (i).
 Attachment download
 📎 dma.mq5 (7.65 KB)
 Source: MQL5 #20332
DMA - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
 DMA - 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.