FX Fish 2 MA
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. 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 FX Fish 2 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
Idea by
:
Arrays are averaged using the functions of the built-in
MovingAverages.mqh
library.
The indicator consists of three indicator constructions:
Fish
, drawing style - a histogram of colored bars. The main indicator buffer calculated by one of ;
Fish Aver
, drawing style - a line with the specified color. Contains the
Fish
array, which is smoothed using simple averaging with the
MA1period
period;
Fish Aver Aver
, drawing style - a line with the specified color. Contains the
Fish aver
array, which is smoothed using linear weighted averaging with the
MA2period
period;
Buy signals
-
Fish
is below zero and is crossed by
Fish Aver
.
Sell signals
-
Fish
is above zero and is crossed by
Fish Aver
.
Fish Aver Aver
can be used either for a more conservative entry or as a position exit signal.
