VarMovAvg is the 4th indicator that I’ve converted from MT4 to MT5. It was quite easy and the resulting code is now much simpler and faster than it was in MQL4. This indicator is great for trend detection and I recommend you downloading it to try in MT5 beta testing. While converting VarMovAvg I discovered multi-colored indicator type in MetaTrader 5, which allows coder to reduce the amount of indicator buffers and increase the speed of calculation. So, VarMovAvg for MT5 has 1 indicator buffer less than the same indicator in MT4 (I’ve also made the same changes to Fisher indicator, reducing the number of buffers from 3 to 1). Another new feature I used, while converting this indicator, was the ”#property description” instructor that allows setting an indicator’s description, which is then visible to traders when they add the indicator to a chart.

You can get the code of MT5 version or read more info about the indicator.

If you find some bugs in this VarMovAvg MT5 indicator or want to make a suggestion regarding its functionality or what should be my next MT4->MT5 conversion, please, use the commentary form below.