SignalMAAboveBelow 2 – library MetaTrader 5

This library is a further development of SignalMAAboveBelow.

What’s new in version 2

  • The Type of trade parameter allows to set the type of signal to be produced by the module:
    • only BUY
    • only SELL
    • BUY and SELL

Example of opening positions when Reverse == false:

SignalMAAboveBelow 2 BUY

Fig. 1. SignalMAAboveBelow 2 – opening a BUY position

SignalMAAboveBelow 2 SELL

Fig. 2. SignalMAAboveBelow 2 – opening a SELL position

Parameters of the signals module

  • Reverse – the flag of the reverse of signals;
  • PeriodMA – the averaging period of the Moving Average indicator;
  • Shift – the horizontal shift of the Moving Average indicator;
  • Method – type of smoothing of the Moving Average indicator;
  • Applied – the type of the price, based on which the Moving Average indicator is calculated;
  • TypeOfTrade – type of trading signals: 0 → BUY, 1 → SELL, 2 → BUY and SELL.
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