Smart Moving Averages indicator for MT4
- Indicators
- Renaud Herve Francois Candel
- Version: 1.30
- Updated: 4 July 2023
- Activations: 5
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.
Inputs of the indicator are:
- Timeframe: timeframe to be used for the calculation of the moving average
- Period: moving average period to be used for the calculation of the moving average
- 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, Stocks, Indices, Futures, Commodities and Cryptos.
The Smart Moving Averages indicator can be used with any time frame.
Of course for the indicator to work fine it requires that you have enough data (bars) in your chart as required for the calculation.
The data is provided by you broker. You need a broker that provides enough data to make the calculation properly.
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