price period sm a
Info
The price period sm a is a Indicator for MetaTrader 5 that to calculate the average price, you can specify the periods h1 and d1. for example, the d1 average price allows you to track whether the price of a certain financial instrument is above or below the average price.
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 price period sm a
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
to calculate the average price, you can specify the periods h1 and d1.
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 Candle Strength Analyzer MT5: Price Action and Wick Analysis - another powerful indicator for MetaTrader 5 traders.
Also recommended: price channel indicator - similar indicator with strong performance on MetaTrader 5.
to calculate the average price, you can specify the periods h1 and d1. for example, the d1 average price allows you to track whether the price of a certain financial instrument is above or below the average price. the same is with h1, which indicates a price trend reversal much faster.the indicator has only three calculated input parameters:
symbol for calculations;
the time period for which the average price is calculated;
applied price.
it is recommended to use from m1 to m30, m1 is the most informative time scale.
you can also compare different financial instruments on the same price chart.
for example, eurusd and usdcad, m15.
the indicator also allows you to see the resistance / support levels of the daily average price.
You may also like: kinematic price physics: velocity and acceleration indicators - excellent alternative for indicator users on MetaTrader 5.
Source Code
яю//+------------------------------------------------------------------+
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property strict
#property version "1.00"
#property indicator_separate_window
#property indicator_buffers 3
#property indicator_plots 2
#property indicator_label1 "symbolPrice"
#property indicator_type1 DRAW_LINE.......
⚠ 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.