Absolute Strength Averages
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Absolute Strength Averages
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.
Description & Settings
Overall trend is still the cross of the main bulls and bears trend. Averages used in it are the usual ones:
0 = SMA
1 = EMA
2 = Double smoothed EMA
3 = Double EMA (DEMA)
4 = Triple EMA (TEMA)
5 = Smoothed MA
6 = Linear weighted MA
7 = Parabolic weighted MA
8 = Alexander MA
9 = Volume weighted MA
10 = Hull MA
11 = Triangular MA
12 = Sine weighted MA
13 = Linear regression
14 = IE/2
15 = NonLag MA
16 = Zero lag EMA
17 = Leader EMA
