Forex Pips To Average Indicator Indicator:
This indicator measures the (smoothed) distance in pips between the close and an exponential moving average.
The first input, Period_Average, is the period of the exponential moving average. The indicator first computes an array containing the difference between this average and the corresponding close price. Then, it computes an smoothed moving average with period Period_PipsToAv (the second input) of this array.
Here you can show an image with this indicator with parameters 200 and 7, as well as the 200-exponential moving average:
MT5 Indicators – Download Instructions
PipsToAverage – indicator for MetaTrader 5 is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.
PipsToAverage – indicator for MetaTrader 5 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
Copy and paste the file into the MQL5 Indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL5 > Indicators (paste here)