ultimate moving average
Info
The ultimate moving average is a Indicator for MetaTrader 4 that moving average based on ultimate oscillator (i modified ultimate oscillator's code). it calculates weighted average of three moving averages (simple, exponential, smoothed or linear weighted).
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use ultimate moving average
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
moving average based on ultimate oscillator (i modified ultimate oscillator's code).
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: Zero Lag Moving Average - another powerful indicator for MetaTrader 4 traders.
moving average based on ultimate oscillator (i modified ultimate oscillator's code). it calculates weighted average of three moving averages (simple, exponential, smoothed or linear weighted). highly adjustable, 3 periods and weight of each period.
Also recommended: dynamic moving average - similar indicator with strong performance on MetaTrader 4.
imho it follows trend better than single moving average, it can also be used as entry/exit signal when crossing a bar or stop-loss level.very good alternative to sma or ema for those who don't like clutter. e.g. use one ultimate ma instead of two/three smas (or emas).
on this example it clearly crosses bar very close to crossing of sma(5)/sma(34).
You may also like: moving average of oscillator (osma) - excellent alternative for indicator users on MetaTrader 4.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.