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Re: Moving Average indicators for MT4

1073 by Banzai
Banzai wrote: Mon Jan 27, 2020 11:38 am I surf around and they say Ichimoku Cloud (default setting) is very close to the shade of EMA17 and EMA52.

Attached is a template and "MA_shade.mq4"
Instead of using "MA_Shade.mq4", we can use ribbons such as
EMA17, EMA20, EMA23, ... all the way to EMA52.
These users thanked the author Banzai for the post (total 2):
Jimmy, Antonio

Re: Moving Average indicators for MT4

1077 by mrtools
optionhk wrote: Tue Jan 28, 2020 10:11 pm
Dear mrtools/Jimmy,
This is a marvellous piece of all-in-one MAs store. Best part is that it also has a tool to draw MA channels based on its distance in pips .
I want to understand how filter is used and for what result?

A simple explanation will be appreciated.
Thank you
It's a filter using standard deviation to filter the moving averages, the price, or both.
These users thanked the author mrtools for the post:
optionhk

Re: Moving Average indicators for MT4

1078 by Jimmy
Banzai wrote: Tue Jan 28, 2020 8:53 am

Instead of using "MA_Shade.mq4", we can use ribbons such as
EMA17, EMA20, EMA23, ... all the way to EMA52.
That's awesome mate. So simple, yet beautiful.
These users thanked the author Jimmy for the post:
Banzai
Myfxbook live trading results 📊

List of our most powerful reversal indicators + Guide to the "All Averages" Filters (ADXvma, Laguerre etc.)
Fibonacci numbers for indicator settings + How to draw Fibonacci Extensions + How to draw Support & Resistance

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