Based on the provided script, here is a professional overview of its current status and logic for your information:
System Overview
The provided file is a foundational framework for a custom technical indicator within the MetaTrader platform. At this stage, it serves as a "blank canvas" or a template designed to house a specific trading strategy involving the interaction between two popular market analysis tools: Moving Averages and the Relative Strength Index (RSI).
Technical Logic & Functionality
Currently, the script functions as a structural shell. It contains the necessary boilerplate code required by the platform to recognize the file as an active component, but it does not yet contain active trading instructions or mathematical calculations. Here is a breakdown of its current components:
- Metadata & Identity: The script identifies itself as "ma of rsi," which indicates the intended purpose is to calculate a Moving Average based on RSI values (rather than a standard Moving Average of price). This is a common technique used by traders to smooth out volatility and identify clearer trends in momentum.
- Initialization Phase: The
initsection is prepared to handle "startup" instructions. In a completed version, this is where the script would gather its settings—such as timeframe preferences or specific numerical thresholds—before beginning analysis. - Deinitialization Phase: The
deinitsection is reserved for "cleanup" tasks. This ensures that when you remove the script from your chart, it closes all active processes and clears the memory properly. - Execution Logic: The
startfunction is the engine of the script. While currently empty, this is where the actual "heartbeat" of the indicator lives, performing calculations on every tick of market data to provide visual signals or data points on your trading screen.
Summary for the User
In its current state, the script is an empty template. It provides the architecture needed to run a sophisticated "Moving Average of RSI" analysis, but the specific mathematical rules and visual outputs have not been programmed into this specific file yet. It is ready to be populated with logic but currently performs no actions on market data.
/*-----------------------------+
| |
| Shared by www.Aptrafx.com |
| |
+------------------------------*/
//+------------------------------------------------------------------+
//| ma of rsi.mq4 |
//| Copyright © 2005, tageiger aka fxid10t@yahoo.com |
//| MetaTrader_Experts_and_Indicators@yahoogroups.com |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005, tageiger aka fxid10t@yahoo.com"
#property link "MetaTrader_Experts_and_Indicators@yahoogroups.com"
//+------------------------------------------------------------------+
//| expert initialization function |
//+------------------------------------------------------------------+
int init()
{
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| expert deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| expert start function |
//+------------------------------------------------------------------+
int start()
{
//----
//----
return(0);
}
//+------------------------------------------------------------------+
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