MA Speedometer MT5
- Indicators
- Davit Beridze
- Version: 1.7
- Updated: 9 March 2021
- Activations: 5
Non standard attitude to the standard moving average indicator. The essence of the indicator is to determine the strength and speed of the price direction by determining the tilt angle of the moving average. A point is taken on the fifteenth MA candle and a point on the last closed MA candle, a straight line is drawn between them, it is movable and on a hemisphere shows an angle of inclination from 90 degrees to -90. above 30 degrees is the buying area, below -30 degrees is the selling area. above 60 degrees the zone of strong purchases below -60 strong sales. The indicator is an excellent addition for any trading systems as a filter and also can be used as the main tool for new trading systems, since it separately shows stable growth in strategy testers. All numbers above are approximate, indicator contains the following settings: StartBar (number of candles from the most recent to determine the length of the speedometer needle); maPeriod; maPrice; maMethod; notifications (push, voice, mail) and also possibility to show history with line moving from 90 to -90 range (please note this line window showes history only and does not show overbought or oversold situations).
The indicator is very practical to use and worthy of attention. In case of purchase please Pm me for further assistance. There is Gift indicator for them who makes full purchase
Here is the version for MT4 https://www.mql5.com/en/market/product/61651
A very different approach to what many (even myself) are used to... This is a special moving average indicator, I should add that it's not just simple, but contains all of the other usual suspects. It's without a doubt one of the better ones I've ever had the pleasure of trying out, accurate (based on 15 pairs traded) and very sophisticated. I do have one complaint, the name should be changed to Modern Moving Average Speedometer, because I believe it's more than likely what many FX Companies will adopt in the future. Cheers, DTRH