Smart Moving Averages Indicator
Smart Moving Averages is an exclusive indicator for MetaTrader platform.
Instead of calculating moving averages for the selected chart time frame, the Smart Moving Averages indicator gives you the opportunity to calculate moving averages independently from the chart time frame.
For instance you can display a 200 days moving average in a H1 chart.
Input parameters for the indicator are the followings:
- Timeframe: timeframe to be used for the calculation of the moving average
- MA Period: moving average period to be used for the calculation of the moving average
- MA Method (Simple/Exponential/Smoothed/Linear weighted): method to be used for the calculation of the moving average
You can customize the moving average line drawn (color, size, type) in the Colors tab.
You can display as many moving averages as you want in the same chart.
The Smart Moving Averages indicator can be used with any class of assets: Forex, Commodities, Equities, Futures.
The Smart Moving Averages indicator can be used with any timeframe.
Of course for the indicator to work fine it requires that you have enough data (bars) in your chart as required for the calculation.
You might be interested to combine the Smart Moving Averages indicator with other indicators or EAs: https://www.mql5.com/en/users/renaud69/seller#products