Idea by: Scriptor
MQL5 code author: barabashkakvn
Arrays are averaged using the functions of the built-in MovingAverages.mqh library.
The indicator consists of three indicator constructions:
- Fish, drawing style DRAW_COLOR_HISTOGRAM - a histogram of colored bars. The main indicator buffer calculated by one of Price Constants;
- Fish Aver, drawing style DRAW_LINE - a line with the specified color. Contains the Fish array, which is smoothed using simple averaging with the MA1period period;
- Fish Aver Aver, drawing style DRAW_LINE - a line with the specified color. Contains the Fish aver array, which is smoothed using linear weighted averaging with the MA2period period;
Buy signals - Fish is below zero and is crossed by Fish Aver.
Sell signals - Fish is above zero and is crossed by Fish Aver.
Fish Aver Aver can be used either for a more conservative entry or as a position exit signal.