Forex Xma Aver MT4 Indicator

Forex Xma Aver MT4 Indicator:

About the Forex Xma Aver MT4 Indicator

The algorithm of this trend indicator is based on the analysis of the fan of signal lines of the universal moving.
The algorithm for calculating signal lines is as follows. As input data, we have the input parameters of the indicator:

StartLength – minimum starting value of the first signal line;
Step – the step of changing the period;
StepsTotal – the number of changes in the period.
Any period value from the set of signal lines is calculated by the arithmetic progression formula:

SignalPeriod(Number) = StartLength + Number * Step,

where the value of the Number variable varies between zero and StepsTotal.

The trend direction in this indicator is determined by the color of the histogram, and the strength of the trend is determined by the height of the histogram bars. Growing bars are colored in light tones, decreasing bars have a dark color. The range of changes in the indicator values is from -100 to +100 percent.

The indicator has the ability to give alerts, send mail messages and push signals when the trend direction changes.

Test results:

Forex Xma Aver MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

Other forex trading Expert Advisors

Leave a Comment