Name: FX Fish 2MA
Rating: 4 (13 reviews)
Author: Vladimir Karputov

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Published by:

Vladimir Karputov

Views:

5762

Rating:

(13)

Published:

2018.09.27 15:49

FX Fish 2MA.mq5 (10.24 KB) view

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Idea by: Scriptor

MQL5 code author: barabashkakvn

Arrays are averaged using the functions of the built-in MovingAverages.mqh library.

The indicator consists of three indicator constructions:

Fish, drawing style DRAW_COLOR_HISTOGRAM - a histogram of colored bars. The main indicator buffer calculated by one of Price Constants;
Fish Aver, drawing style DRAW_LINE - a line with the specified color. Contains the Fish array, which is smoothed using simple averaging with the MA1period period;
Fish Aver Aver, drawing style DRAW_LINE - a line with the specified color. Contains the Fish aver array, which is smoothed using linear weighted averaging with the MA2period period;

Buy signals - Fish is below zero and is crossed by Fish Aver.

Sell signals - Fish is above zero and is crossed by Fish Aver.

Fish Aver Aver can be used either for a more conservative entry or as a position exit signal.

FX Fish 2MA

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21767

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FX Fish 2MA - indicator for MetaTrader 5