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Var Mov Avg
Var Mov Avg MetaTrader indicator
although it's based on the moving average, it doesn't use any standard MT4/MT5
moving average indicators. It uses own formula to calculate the moving average
with a complex noise filter to produce more accurate signals. The indicator
displays dotted line in the main chart window exactly over the price curve. The
changing colors of the dots signal trend changes. The indicator can signal sound
alerts on trend changes; you can turn them on and off. The indicator is available for both MT4 and MT5.
Input parameters:
- periodAMA (default = 50) period of the main custom
moving average. Unlike with other MAs, the higher is this number the less smooth
the line is.
- nfast (default = 15) first noise filter parameter.
Higher values make indicator less sensitive to spikes.
- nslow (default = 10) second noise filter parameter.
Higher values make indicator less sensitive to spikes.
- G (default = 1.0) the power of filtered part in the
moving average. Another way to make the signal line smoother.
- dK (default = 0.1) doesn't really influence anything
much.
- UseSound (default = true) if true then sound alerts
will be used.
- SoundFile (default = "expert.wav") name of the sound
file for alerts.
When the dots are red, the price is in the downtrend. When the dots are
green, the price is in the uptrend. Buy when red changes to green and sell when
green changes to red. Use moderate stop-loss to protect yourself from the false
signals.
Downloads:
Var Mov Avg for MetaTrader 4 in .zip
Var Mov Avg for MetaTrader 4 in .mq4
Var Mov Avg for MetaTrader 5 in .zip
Var Mov Avg for MetaTrader 5 in .mq5
Discussion:
Warning! Before you ask any basic questions regarding installation of
the indicators, please, read this
MetaTrader 4 Indicators Tutorial or MetaTrader 5 Indicators Tutorial
to get the elementary knowledge on handling them.
Do you have any suggestions or questions regarding this indicator? You can
always
discuss Var Mov Avg with
the other traders and MQL programmers on the indicators forums.
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