Customizable Moving Average Indicator with Multiple Smoothing Methods
Info
The Customizable Moving Average Indicator with Multiple Smoothing Methods is a Indicator for MetaTrader 5 that this indicator allows for flexible modification of smoothing methods. Supported Smoothing Methods:- Simple Moving Average- Exponential Moving Average- Smoothed Moving Average- Linear Weighted Moving Average- JMA Adaptive Average- Ultralinear Smoothing- Parabolic Smoothing- Tillson's Multiple Exponential Smoothing- Smoothing using Tushar Chande's Algorithm- Smoothing using Perry Kaufman's AlgorithmPlease note that phase type parameters have distinct meanings across different smoothing algorithms.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Customizable Moving Average Indicator with Multiple Smoothing Methods
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
This indicator allows for flexible modification of smoothing methods.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Quantora Moving Average Dashboard MT5 - Professional EMA SMA Trend Analysis - another powerful indicator for MetaTrader 5 traders.
This indicator allows for flexible modification of smoothing methods.Also recommended: Relative Moving Average (RMA) Indicator for MT5 - similar indicator with strong performance on MetaTrader 5.
Supported Smoothing Methods:
- Simple Moving Average
- Exponential Moving Average
- Smoothed Moving Average
- Linear Weighted Moving Average
- JMA Adaptive Average
- Ultralinear Smoothing
- Parabolic Smoothing
- Tillson's Multiple Exponential Smoothing
- Smoothing using Tushar Chande's Algorithm
- Smoothing using Perry Kaufman's Algorithm
Please note that phase type parameters have distinct meanings across different smoothing algorithms.
For JMA, it is an external phase variable ranging from -100 to +100.
For T3, it is a smoothing ratio multiplied by 100 for enhanced visualization.
For VIDYA, it represents the CMO oscillator period.
For AMA, it is the slow EMA period.
In other algorithms, these parameters do not influence the smoothing process.
For AMA, the fast EMA period is a fixed value, defaulting to 2.
The ratio for raising to the power is also set to 2 for AMA.
The indicator utilizes classes from the smoothalgorithms.mqh library. Ensure these classes are copied to the terminal_data_folder\mql5\include directory.
Detailed usage instructions for these classes can be found in the relevant article.
You may also like: multi-timeframe moving average indicator (v03) - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property version "1.00"
#property indicator_separate_window
#property indicator_buffers 4
#property indicator_plots 2
#property indicator_type1 draw_color_line
#property indicator_color1 gray,lightseagreen,hotpink
#property indicator_style1 style_solid.......
⚠ 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.