MA Filter
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 MA Filter
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
MA with filter is a moving average with the direction filter and direction change signal pointers.
The indicator displays three states:
Upward movement
Downward movement
Flat
There are five inputs:
MA period
- calculation period
MA method
- calculation method
Applied price
MA anchor shift
- filter starting point offset in bars
MA anchor difference
- filter starting point threshold value relative to the current one
If the difference between the current value of MA and the value of MA on the
MA anchor shift
bar exceeds the
MA anchor difference
value, then the transition from the previous state to the ascending state is registered, the MA is colored green and the signal pointer is set.
If the difference between the current value of MA and the value of MA on the
MA anchor shift
bar is less than the
MA anchor difference
value, then the transition from the previous state to the downward state is registered, the MA is colored red and the signal pointer is set.
If the difference between the current value of MA and the value of MA on the
MA anchor shift
bar is less than or equal to the
MA anchor difference
value, then the transition from the previous state to the neutral state (flat) is registered, the MA is colored gray and the signal pointer is set.
