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Better MA — 3rd Generation of the Most Popular Indicator

October 23, 2011 by

3rd Generation Moving Average was added to the list of the Forex indicators on my site today. It’s built according to the principles laid out by Dr. Manfred Dürschner and offers the least possible lag, preserving the price smoothing property of the MA. This indicator has already been coded before me, but the only implementation I’ve seen, involves DLL and doesn’t share the MQL code, so I’ve decided to build my own. It’s a recommended substitution if you are already using moving averages in your trading. Some facts about my 3gMA indicator:

  • You can control its period, method and applied price — just like with the usual moving average.
  • MT4 version works faster than the MT5 one.
  • Both version have some explanatory comments in the codes.

You can download the code of the MT5 and MT4 versions or read more info about this classical technical indicator.

If you find any bugs in this MetaTrader indicator or if you want to make a suggestion regarding its functionality, please post a reply via commentary form below.

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