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pldot.mq5 (4.68 KB) view

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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 mql4.com on 31.05.2008.

Figure 1. The PLdot indicator

Figure 1. The PLdot indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/1717

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PLdot - indicator for MetaTrader 5