Expert Advisors • Indicators • Scripts • Libraries

MQL.RobotFX.org is the biggest collection of MetaTrader expert advisors (MT5 & MT4), indicators, scripts and libraries that can be used to improve trading results, minimize risks or simply automate trading tasks

MetaTrader 5 Indicator | Percentage of CLose and iMA prices

The idea of the indicator

The indicator counts (in percentage) how many times the 'Close' price has been above or below the 'iMA' indicator. The calculation period is equal to the indicator averaging period.

Please note: the 'iMA' indicator has been added to the main window manually for visualization purposes.

MetaTrader Experts, Indicators, Scripts and Libraries

Rice. 1. Percentage of CLose and iMA prices

39203