Thursday, October 22, 2015

Smart MA indicator for MetaTrader 4

Standard Moving Average is a good indicator but unfortunately, it generates too many false signals.

Smart MA indicator addresses that issue.

Smart MA consists of four complementary blocks:

Trendline filters out most false signals, while its core is Moving Average.

RSi is a common RSi having a non-trivial function - here it assists in defining oversold/overbought zones, trend power and probability of its reversal.
ZigZag displays trend reversals.
Fibo lines assist in defining support/resistance levels.

http://mql5.com/7ak3

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