Avg MA
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 Avg MA
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
Average from MA indicator calculates the average value from the specified number of moving averages, whose periods are calculated as an increment to the base МА period
It has six input parameters:
First MA period
- МА calculation base period
Method
- МА calculation method
Applied price
- МА calculation price
Count
- number of calculated МАs
Coefficient of increment
- increment ratio of calculated MA periods
Incremental method
- increment method
Addition
Multiplication
Example of calculation with values:
First MA period = 5 Coefficient of increment = 2 Count = 5
If Incremental method = Addition: AvgMA=(MA(5)+MA(7)+MA(9)+MA(11)+MA(13))/5
If Incremental method=Multiplication: AvgMA=(MA(5)+MA(10)+MA(20)+MA(40)+MA(80))/5
where:
MA - MovingAverage(Applied price,Method) with calculated period
