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votes: 17
2013.07.12 10:12
2016.11.22 07:32
pldot.mq5 (4.68 KB)view

Real author:

Eli hayun

The simplest moving-like indicator. The formula for the calculation:

PLdot = SMA(Period=3, (High[bar] + Low[bar] + Close[bar]) / 3)

This indicator was first implemented in MQL4 and published in Code Base at on 31.05.2008.

Figure 1. The PLdot indicator

Figure 1. The PLdot indicator

Translated from Russian by MetaQuotes Software Corp.
Original code:

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