Name: PLdot – indicator MetaTrader 5
Brand: RobotFX
SKU: 18900
Price: 4.89 USD
Availability: InStock
Rating: 4 (90 reviews)

Real author:

Eli hayun

The simplest moving-like indicator. The formula for the calculation:

PLdot = SMA(Period=3, (High[bar] + Low[bar] + Close[bar]) / 3)

This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 31.05.2008.

Figure 1. The PLdot indicator

PLdot – indicator MetaTrader 5

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PLdot – indicator MetaTrader 5