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 | Two iMA Formula

The idea of the indicator

Explore the shape of a line by applying three different formulas:

  • Fast-Slow
  • Fast/Slow
  • (Fast-Slow)/Slow

MetaTrader Experts, Indicators, Scripts and Libraries

Rice. 1. Two iMA Formula

In the figure above, three indicators are added to one chart - each has its own formula. As you can see, the shape of the indicator line is the same in all three cases - only the values of these lines differ.

38978