Fibo Average2
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. 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 Fibo Average2
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
There are four input parameters:
MA period
- averaging МА calculation period
MA method
- averaging МА calculation method
Simple
-
Exponential
-
Smoothed
-
Linear-Weighted
-
Wilder Exponential
-
Sine-Weighted
-
Triangular
-
Least Square
-
Hull MA by Alan Hull
-
Zero-Lag Exponential
-
Instantaneous Trendline by J.Ehlers
-
Moving Median
-
Geometric Mean
-
Regularized EMA by Chris Satchwell
-
Integral of Linear Regression Slope
-
Combination of LSMA and ILRS
- moving average - combination of and methods
Triangular MA generalized by J.Ehlers
-
Volume-Weighted
-
FiboMA applied price
Fibo count
- number of Fibo numbers for calculating FiboMA
Sample calculation:
if the number of Fibo numbers (FiboCount) = 8, then
FiboMA = (Price[i] + Price[i+1] + Price[i+1] + Price[i+2] + Price[i+3] + Price[i+5] + Price[i+8] + Price[i+13]) / FiboCount
MA = MA(FiboMA, Period, Method)
where:
Price = FiboMA applied price
