dp o - ma modified
Info
The dp o - ma modified is a Indicator for MetaTrader 5 that ma modified dpo facilitate controlling all parameters of ma (ma period , ma mode , ma applied price) to change required ma curve to horizontal line and can easily used as support or resistance levelcalculation:dpo = close - ma (mode, price, dpo_period)where :dpo - dpo indicator value close - close price of bar; mode - applied method to calculate ma (sma, ema, smma, lwma) price - applied price to calculate ma dpo_period - period applied to calculate ma.
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 dp o - ma modified
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
ma modified dpo facilitate controlling all parameters of ma (ma period , ma mode , ma applied price) to change required ma curve to horizontal line and can easily used as support or resistance levelcalculation:dpo = close - ma (mode, price, dpo_period)where :dpo - dpo indicator value close - close price of bar; mode - applied method to calculate ma (sma, ema, smma, lwma) price - applied price to calculate ma dpo_period - period applied to calculate ma.
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: Modified Indicator with Multiple Smoothing Algorithms - another powerful indicator for MetaTrader 5 traders.
ma modified dpo facilitate controlling all parameters of ma (ma period , ma mode , ma applied price) to change required ma curve to horizontal line and can easily used as support or resistance level
Also recommended: Modified Optimum Elliptic Filter - similar indicator with strong performance on MetaTrader 5.
calculation:dpo = close - ma (mode, price, dpo_period)
where :
dpo - dpo indicator value
close - close price of bar;
mode - applied method to calculate ma (sma, ema, smma, lwma)
price - applied price to calculate ma
dpo_period - period applied to calculate ma.
You may also like: TriggerLines Shift Modified Indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.10"
#property description "Educational code - RobotFX www.robotfx.org"
#include <MovingAverages.mqh>
#property indicator_separate_window
#property indicator_buffers 3
#property indicator_plots 1
#property indicator_type1 DRAW_LINE
#property indicator_color1 DodgerBlue.......
⚠ 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.