Hey there, fellow traders! If you’re on the hunt for reliable analytical tools to boost your trading game, you’re in luck. Check out the AllAverages v4.9 indicator for MetaTrader 5. While it's not my creation and is available in the public domain, it’s a gem that you won’t find on the MQL5 forum. So, I figured I’d share it with you all!
Right now, I’m incorporating various moving average modifications into my trading strategies, and this one is definitely worth considering. If you’re curious about the previous version, you can find it here.
Available Moving Average Formulas
- SMA: Simple Moving Average
- EMA: Exponential Moving Average
- Wilder: Wilder Exponential Moving Average
- LWMA: Linear Weighted Moving Average
- SineWMA: Sine Weighted Moving Average
- TriMA: Triangular Moving Average
- LSMA: Least Square Moving Average (or EPMA, Linear Regression Line)
- SMMA: Smoothed Moving Average
- HMA: Hull Moving Average by A. Hull
- ZeroLagEMA: Zero-Lag Exponential Moving Average
- DEMA: Double Exponential Moving Average by P. Mulloy
- T3_basic: T3 by T. Tillson (original version)
- ITrend: Instantaneous Trendline by J. Ehlers
- Median: Moving Median
- GeoMean: Geometric Mean
- REMA: Regularized EMA by C. Satchwell
- ILRS: Integral of Linear Regression Slope
- IE_2: Combination of LSMA and ILRS
- TriMAgen: Triangular Moving Average generalized by J. Ehlers
- VWMA: Volume Weighted Moving Average
- JSmooth: M. Jurik's Smoothing
- SMA_eq: Simplified SMA
- ALMA: Arnaud Legoux Moving Average
- TEMA: Triple Exponential Moving Average by P. Mulloy
- T3: T3 by T. Tillson (correct version)
- Laguerre: Laguerre filter by J. Ehlers
- MD: McGinley Dynamic
- BF2P: Two-pole modified Butterworth filter by J. Ehlers
- BF3P: Three-pole modified Butterworth filter by J. Ehlers
- SuperSmu: SuperSmoother by J. Ehlers
- Decycler: Simple Decycler by J. Ehlers
- eVWMA: Modified eVWMA
- EWMA: Exponential Weighted Moving Average
- DsEMA: Double Smoothed EMA
- TsEMA: Triple Smoothed EMA
- VEMA: Volume-weighted Exponential Moving Average (V-EMA)
Choosing Your Prices for Moving Averages
- Close: Close price
- Open: Open price
- High: High price
- Low: Low price
- Median: Moving Median
- Typical: Typical price
- Weighted Close: Weighted Close price
- Median Body: (Open + Close) / 2
- Average: (High + Low + Open + Close) / 4
- Trend Biased: Trend Biased price
- Heiken Ashi: Various Heiken Ashi prices (Close, Open, High, Low, Median)
Settings Overview
- TimeFrame: Set your desired timeframe.
- Price: Select your price type.
- MA_Period: Set the averaging period for your moving average.
- MA_Shift: Adjust the moving average by a specified number of periods.
- MA_Method: Choose your preferred moving average formula.
- ShowInColor: Enable or disable color rendering for trends.
- Alerts: Customize alerts for trend changes, including sound notifications and email updates.
In conclusion, the AllAverages v4.9 indicator is a fantastic addition to your trading toolbox. With its diverse range of moving averages and customizable settings, you can tailor it to fit your trading style. Happy trading!
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