moving averages library for metatrader 5
Info
The moving averages library for metatrader 5 is a Library for MetaTrader 5 that the movingaverages library is an essential component of the standard package in the metatrader 5 client terminal. this library offers a comprehensive set of functions for calculating various types of moving averages, totaling 8 functions divided into two distinct groups, each containing 4 functions.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Library works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Libraries folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use moving averages library for metatrader 5
1. Storage: Place library files in the MQL/Libraries directory to ensure they are accessible to your projects.
2. Implementation: Include the library in your code using the #import directive, ensuring you match the exact function names and parameters.
3. Compilation: Ensure the library is present in the directory before you compile your main EA or script, as the compiler links them during this phase.
4. Management: Keep libraries organized in sub-folders if you manage many custom functions to maintain a clean project structure.
Frequently Asked Questions
Q: What is a library file used for? A: Libraries store reusable code modules, allowing you to centralize common logic used by multiple EAs or indicators.
Q: Is a library executable? A: No, libraries are non-executable files containing functions; they must be imported into an EA, indicator, or script to function.
Q: Can I update a library while the platform is running? A: You should compile your EA or script after updating a library to ensure the latest code changes are integrated.
What this tool does
the movingaverages library is an essential component of the standard package in the metatrader 5 client terminal.
Typical Use Case
This Library excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Library works on MetaTrader 5. Place the file in the MQL5/Libraries folder and restart the terminal.
Description & Settings
Related: Moving Average Calculation on Array Data - another powerful library for MetaTrader 5 traders.
the movingaverages library is an essential component of the standard package in the metatrader 5 client terminal.Also recommended: Moving Average Oscillator on Array Calculation (MT5) - similar library with strong performance on MetaTrader 5.
this library offers a comprehensive set of functions for calculating various types of moving averages, totaling 8 functions divided into two distinct groups, each containing 4 functions.
simple moving average functions
the first group of functions calculates and returns the value of a moving average at a specified position in an array:
- simplema() - calculates the simple moving average.
- exponentialma() - computes the exponential moving average.
- smoothedma() - determines the smoothed moving average.
- linearweightedma() - provides the linear-weighted moving average.
these functions are designed for one-time average calculations and may not be optimized for multiple calls. when using these functions in loops to calculate and store averages in an array, consider implementing an efficient algorithm.
moving average calculation on buffers
the second group of functions fills a recipient array (buffer) with moving average values based on an array of initial values:
- simplemaonbuffer() - populates the output buffer with simple moving average values from the input price array.
- exponentialmaonbuffer() - fills the output buffer with exponential moving average values based on the price array.
- smoothedmaonbuffer() - updates the output buffer with smoothed moving average values derived from the price array.
- linearweightedmaonbuffer() - calculates the linear-weighted moving average values from the price array and writes them to the output buffer.
example usage
for practical examples of using these functions, refer to the article 'mql5: create your own indicator' (2026).
this library empowers traders and developers to incorporate moving averages into their trading strategies and custom indicators, enhancing their technical analysis capabilities.
You may also like: Array-Based Adaptive Moving Average (AMA) Calculation Class - excellent alternative for library users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
double simplema(const int position,const int period,const double &price[])
{
double result=0.0;
if(position>=period && period>0)
{
for(int i=0;i<period;i++) result+=price[position-i];
result/=period;
}.......
⚠ 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.