Signal MA Above Below 2
Info
The Signal MA Above Below 2 is a Library for MetaTrader 5 that this library is a further development of. What's new in version 2 The Type of tradeparameter allows to set the type of signal to be produced by the module: only BUY only SELL BUY and SELL Example of opening positions when Reverse== false:Fig.
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 Signal MA Above Below 2
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
This library is a further development of.
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: The class of a module of trade signals, on "inner bar breakthrough" in trend direction - another powerful library for MetaTrader 5 traders.
Also recommended: Module of Trade Signals, based on Brain Trend1 indicator - similar library with strong performance on MetaTrader 5.
This library is a further development of .What's new in version 2
The
Type of trade
parameter allows to set the type of signal to be produced by the module:
only BUY
only SELL
BUY and SELL
Example of opening positions when
Reverse
== false:
Fig. 1. SignalMAAboveBelow 2 - opening a BUY position
Fig. 2. SignalMAAboveBelow 2 - opening a SELL position
Parameters of the signals module
Reverse
- the flag of the reverse of signals;
PeriodMA
- the averaging period of the Moving Average indicator;
Shift
- the horizontal shift of the Moving Average indicator;
Method
- type of smoothing of the Moving Average indicator;
Applied
- the type of the price, based on which the Moving Average indicator is calculated;
TypeOfTrade
- type of trading signals: 0 → BUY, 1 → SELL, 2 → BUY and SELL.
You may also like: Module of Trade Signals, based on Brain Trend2 indicator - excellent alternative for library users on MetaTrader 5.
⚠ 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.