Var Mov Avg MetaTrader indicator — although it's based on the moving average, it doesn't use any standard MT4/MT5 moving average indicators. It uses own formula to calculate the moving average with a complex noise filter to produce more accurate signals. The indicator displays dotted line in the main chart window exactly over the price curve. The changing colors of the dots signal trend changes. The indicator can signal sound alerts on trend changes; you can turn them on and off. The indicator is available for both MT4 and MT5.

Input parameters:

  • periodAMA (default = 50) — period of the main custom moving average. Unlike with other MAs, the higher is this number the less smooth the line is.
  • nfast (default = 15) — first noise filter parameter. Higher values make indicator less sensitive to spikes.
  • nslow (default = 10) — second noise filter parameter. Higher values make indicator less sensitive to spikes.
  • G (default = 1.0) — the power of filtered part in the moving average. Another way to make the signal line smoother.
  • dK (default = 0.1) — doesn't really influence anything much.
  • UseSound (default = true) — if true then sound alerts will be used.
  • SoundFile (default = "expert.wav") — name of the sound file for alerts.
 
Var Mov Avg Indicator Example MetaTrader Chart

When the dots are red, the price is in the downtrend. When the dots are green, the price is in the uptrend. Buy when red changes to green and sell when green changes to red. Use moderate stop-loss to protect yourself from the false signals.

Downloads:

Var Mov Avg for MetaTrader 4 in .zip

Var Mov Avg for MetaTrader 4 in .mq4

Var Mov Avg for MetaTrader 5 in .zip

Var Mov Avg for MetaTrader 5 in .mq5

Discussion:

Warning! If you do not know how to install this indicator, please read the MetaTrader Indicators Tutorial.

Do you have any suggestions or questions regarding this indicator? You can always discuss Var Mov Avg with the other traders and MQL programmers on the indicators forums.