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Indicators

Corrected moving averages - indicator for MetaTrader 4

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19401
Rating:
votes: 40
Published:
2021.01.19 13:35
Updated:
2021.05.13 08:34
CMA.mq4 (5.08 KB) view

Originally developed by - Andreas Uhl

Dashboard based on the indicator available here

The strength of the CMA is that the current value of the time series must exceed the current volatility-dependent threshold, so that the filter increases or falls, avoiding false signals in weak phases. In simple words it compares the variance and the squared difference between the corrected average and the regular average and decides if the CMA should advance or not.

Version update:- Added option to change color on slope change.

CMA



The intersections of two lines The intersections of two lines

In MetaTrader 4, we intend to calculate the intersection coordinates of two straight line objects with different slopes using MQL4.

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With this script, you can send a message from MetaTrader 4 to Telegram.

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Colored volumes at the bottom of the chart