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FourAverageMT5

FourAverage: A Breakthrough in Trend Identification

With evolving information technology and increasing number of market participants, financial markets get less and less analyzable using good old indicators. Common technical analysis tools, such as Moving Average or Stochastic alone, are not capable of identifying the trend direction or reversal.

Can a single indicator show the right direction of the future price, without changing its parameters over 14 years' history, while at the same time remaining adequate during sideways trends?

The answer is yes.

There is an indicator with a quite powerful and efficient adaptive mechanism to changing market conditions.

This new forward-looking trend indicator developed by ExcStrategy team uses adaptive four-level averaging.

A unique averaging formula allows you to adjust the indicator (define the regularities) to any peculiarities of a currency pair or any other instrument. Now, in order to get profit, you only need one indicator and this is only the beginning. Fouraverage is highly beneficial when combined with other tools or used as signal filter.

The indicator features a function that draws arrows and displays the result of the previous indicator-based trade. This is very useful when backtesting.

The indicator is not redrawn on completed bars. If the bar is closed, the indicator values remain unchanged.
The indicator works on any time frame from M1 to MN.

    FourAverageMT5 indicator is the same as the one for MetaTrader 4: https://www.mql5.com/en/market/product/3901

    A detailed description of the indicator can be found at: https://www.mql5.com/ru/blogs/post/730215

    Reviews 3
    Zentrader2015
    1456
    Zentrader2015 2020.03.26 00:48 
     

    Really like it!

    Wan Ping Fei
    1732
    Wan Ping Fei 2019.01.06 04:27 
     

    This is a good EA, but it is really cool. Full of curability

    The most powerful indicator I have used so far....:)

    Igor Dervuk
    1033
    Igor Dervuk 2016.12.13 12:27 
     

    Крутой индикатор на Рынке FORTS !!!

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    Investo
    Mikhail Sergeev
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    Devilfish
    Mikhail Sergeev
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    IlanisNeuro MT5
    Mikhail Sergeev
    IlanisNeuro MT5 - expert variation  Ilanis . The expert Advisor uses averaging. A neural network is used to open positions. The network was trained on seven major currency pairs (EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY, USDCHF, USDCAD) in the interval 2010-2019. Compared to the MT4 version , the expert Advisor was able to multi-currency trading from a single chart and was retrained on fresh data. Version monitoring for МТ4:  https://www.mql5.com/en/signals/339250 Free version:  https://www.mql5.c
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    Igor Dervuk
    1033
    Igor Dervuk 2016.12.13 12:27 
     

    Крутой индикатор на Рынке FORTS !!!

    Wan Ping Fei
    1732
    Wan Ping Fei 2019.01.06 04:27 
     

    This is a good EA, but it is really cool. Full of curability

    The most powerful indicator I have used so far....:)

    Zentrader2015
    1456
    Zentrader2015 2020.03.26 00:48 
     

    Really like it!

    Reply to review
    Version 1.8 2020.08.05
    Optimization for the new version of the terminal.