VAR Mov Avg MetaTrader indicator — although it is in line with the going average, it does not utilize any standard MT4/MT5 moving average indicators.
It uses own formula to calculate the moving average with a complex noise filter to produce more accurate signals.
The indicator displays dotted line in the key chart screen precisely on the price curve. The changing colors regarding the dots signal trend changes. The indicator can signal sound alerts on trend changes; you can turn them off and on. The indicator is available for both MT4 and MT5.
Input parameters:
periodAMA (default = 50) — period of the primary custom moving average. Unlike with other MAs, the higher is this quantity the less smooth the line is.nfast (standard = 15) — first noise filter parameter. Higher values make indicator less sensitive and painful to spikes.
nslow (default = 10) — 2nd noise filter parameter. Higher values make indicator less responsive to surges.
G (standard = 1.0) — the power of filtered part within the moving average. Another option to make the signal line smoother.
dK (default = 0.1) — does not actually influence such a thing much.
UseSound (standard = true) — if true then sound alerts is supposed to be used.
SoundFile (default = "expert.wav") — name regarding the sound file for alerts.
When the dots are red, the purchase price is within the downtrend. Whenever the dots are green, the cost is within the uptrend. Purchase whenever red modifications to green and offer when green changes to red. Use moderate stop-loss to protect your self through the false signals.
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