Author: alexjou
Hey fellow traders! Today, let’s dive into a fascinating tool that can give your trading strategy a serious boost: the ParMA indicator. This moving average indicator is built on a parabolic approximation of price, utilizing a pretty remarkable algorithm that smooths out price data effectively.
The heart of this indicator is the CParMA class from the SmoothAlgorithms.mqh library. If you're interested in the nitty-gritty, you can check out more details in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".
How to Set Up ParMA
Getting started with the ParMA indicator is a breeze! Just follow these simple steps:
- First, drop the smoothalgorithms.mqh library into your terminal_data_folder\MQL5\Include directory.
- Next, place the parma.mq5 indicator file into the terminal_data_folder\MQL5\Indicators folder.
Once you've done that, you'll be all set to take advantage of what ParMA has to offer. Happy trading!
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