MT5 / 019
Color-changing moving average
Overview
Color-changing moving average · MT5
Platform: MetaTrader 5 · Main chart
- Calculation period: the number of bars used by the indicator.
- Smoothing: selects the averaging method.
- Line or bar width: adjust to suit your chart and screen.
- Threshold: sets a filtering or triggering level.
- Chart text: shows or hides indicator values and labels.
- Notification switch: controls alerts, popups or email. Email requires terminal configuration.
1. Indicator in use
2. Parameter settings
| Parameter | Default | How to use |
|---|---|---|
| MA1 Per | Default20 | How to useCalculation period: the number of bars used by the indicator. |
| MA2 Per | Default60 | How to useCalculation period: the number of bars used by the indicator. |
| MA1Mode | DefaultMODE_SMA | How to useSmoothing: selects the averaging method. |
| MA2Mode | DefaultMODE_SMA | How to useSmoothing: selects the averaging method. |
| Parameter · Line or bar width | Default2 | How to useLine or bar width: adjust to suit your chart and screen. |
| Parameter · Threshold | Default2 | How to useThreshold: sets a filtering or triggering level. |
| Show chart text | DefaultEnabled | How to useChart text: shows or hides indicator values and labels. |
| Enable alerts | DefaultEnabled | How to useNotification switch: controls alerts, popups or email. Email requires terminal configuration. |
| Enable Email alert | DefaultEnabled | How to useNotification switch: controls alerts, popups or email. Email requires terminal configuration. |
| Alert bar | Default1 | How to useAlert bar: 0 is the current bar; 1 is the previous closed bar. |
Installation and use
Place the indicator file in the terminal’s MQL4 / MQL5 → Indicators folder, refresh Navigator, then drag it onto a chart.
MT5 · Indicators
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Indicator file delivery with installation and usage guidance.
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