This script is designed for the MetaTrader 4 platform to act as a visual trading tool that overlays multiple Moving Average (MA) indicators on a single chart. Instead of having to load separate indicators for each trend line, this tool consolidates five distinct moving averages into one unified display.
Core Functionality
The primary purpose of this script is to help traders visualize different time horizons and price momentum simultaneously. By plotting five different lines, it allows you to see how short-term price action interacts with medium and long-term trends.
Key Features & Logic:
- Multi-Line Visualization: The script creates five separate data streams (buffers) on your chart. Each line is assigned a unique color (Yellow, Blue, Red, Red, and Green) and specific visual styles to help distinguish them clearly.
- Customizable Smoothing Methods: Not all moving averages are calculated the same way. This script gives you the flexibility to choose different mathematical "smoothing" types for each of the five lines (such as Simple, Linear Weighted, or Exponential).
- Independent Parameters: Each of the five moving averages can be configured independently. You can set a specific:
- Period: Determines how far back in history the indicator looks to calculate the average (e.g., a "fast" line vs. a "slow" line).
- Shift: Allows you to move the lines forward or backward on the horizontal axis.
- Price Type: You can choose which price data the average is based on, such as the closing price of a candle.
- Dynamic Labeling: To keep your chart organized, the script automatically labels each line in the data window with its specific period number, making it easy to identify which line represents which timeframe at a glance.
- Efficient Calculation: The logic is designed to update dynamically with every new price "tick." It calculates the necessary values for all five lines and redraws them accurately as the market moves.
Practical Use for Traders
This tool is ideal for "Trend Following" strategies. For example, you might set one line to a very short period to capture immediate momentum, while keeping another at a long period to identify the overall market direction. Because they are all grouped in one script, it keeps your trading workspace clean and organized.
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several_moving_average
//+------------------------------------------------------------------+
//| Several Moving Average.mq4 |
//| Copyright 2015, MetaQuotes Software Corp. |
//| https://www.mql5.com/ru/users/dlim0n4ik.dk |
//+------------------------------------------------------------------+
#property copyright "Copyright 2015, DLim0n4IK.DK"
#property link "https://www.mql5.com/ru/users/dlim0n4ik.dk"
#property version "1.00"
#property description "Ðèñóåò íà ãðàôèêå ïÿòü Moving Average (MA). Òàêæå âîçìîæíî èçìåíåíèå òèïà MA."
#property strict
#property indicator_chart_window
#property indicator_buffers 5
#property indicator_plots 5
//--- plot Label1
#property indicator_label1 "SMA-1"
#property indicator_type1 DRAW_LINE
#property indicator_color1 clrYellow
#property indicator_style1 STYLE_SOLID
#property indicator_width1 1
//--- plot Label2
#property indicator_label2 "SMA-2"
#property indicator_type2 DRAW_LINE
#property indicator_color2 clrBlue
#property indicator_style2 STYLE_SOLID
#property indicator_width2 1
//--- plot Label3
#property indicator_label3 "SMA-3"
#property indicator_type3 DRAW_LINE
#property indicator_color3 clrRed
#property indicator_style3 STYLE_SOLID
#property indicator_width3 1
//--- plot Label4
#property indicator_label4 "SMA-4"
#property indicator_type4 DRAW_LINE
#property indicator_color4 clrRed
#property indicator_style4 STYLE_SOLID
#property indicator_width4 1
//--- plot Label5
#property indicator_label5 "SMA-5"
#property indicator_type5 DRAW_LINE
#property indicator_color5 clrGreen
#property indicator_style5 STYLE_SOLID
#property indicator_width5 1
//+------------------------------------------------------------------+
//| Ââîäíûå ïàðàìåòðû Moving Average |
//+------------------------------------------------------------------+
//--- Ïàðàìåòðû Moving Average 1 -------------------------------------
input string MA1_Info="Ïàðàìåòðû Moving Average 1";
//string MA1_Symbol = 0; // èìÿ ñèìâîëà
input ENUM_TIMEFRAMES MA1_TFPeriod = 0; // ïåðèîä
input int MA1_Period = 5; // ïåðèîä óñðåäíåíèÿ
input int MA1_Shift = 0; // ñìåùåíèå èíäèêàòîðà ïî ãîðèçîíòàëè
input ENUM_MA_METHOD MA1_Method = MODE_LWMA; // òèï ñãëàæèâàíèÿ
input ENUM_APPLIED_PRICE MA1_Applied_Price = PRICE_CLOSE; // òèï öåíû èëè handle
//--- Ïàðàìåòðû Moving Average 2 -------------------------------------
input string MA2_Info="Ïàðàìåòðû Moving Average 2";
//string MA2_Symbol = 0; // èìÿ ñèìâîëà
input ENUM_TIMEFRAMES MA2_TFPeriod = 0; // ïåðèîä
input int MA2_Period = 12; // ïåðèîä óñðåäíåíèÿ
input int MA2_Shift = 0; // ñìåùåíèå èíäèêàòîðà ïî ãîðèçîíòàëè
input ENUM_MA_METHOD MA2_Method = MODE_LWMA; // òèï ñãëàæèâàíèÿ
input ENUM_APPLIED_PRICE MA2_Applied_Price = PRICE_CLOSE; // òèï öåíû èëè handle
//--- Ïàðàìåòðû Moving Average 3 -------------------------------------
input string MA3_Info="Ïàðàìåòðû Moving Average 3";
//string MA3_Symbol = 0; // èìÿ ñèìâîëà
input ENUM_TIMEFRAMES MA3_TFPeriod = 0; // ïåðèîä
input int MA3_Period = 18; // ïåðèîä óñðåäíåíèÿ
input int MA3_Shift = 0; // ñìåùåíèå èíäèêàòîðà ïî ãîðèçîíòàëè
input ENUM_MA_METHOD MA3_Method = MODE_EMA; // òèï ñãëàæèâàíèÿ
input ENUM_APPLIED_PRICE MA3_Applied_Price = PRICE_CLOSE; // òèï öåíû èëè handle
//--- Ïàðàìåòðû Moving Average 4 -------------------------------------
input string MA4_Info="Ïàðàìåòðû Moving Average 4";
//string MA4_Symbol = 0; // èìÿ ñèìâîëà
input ENUM_TIMEFRAMES MA4_TFPeriod = 0; // ïåðèîä
input int MA4_Period = 28; // ïåðèîä óñðåäíåíèÿ
input int MA4_Shift = 0; // ñìåùåíèå èíäèêàòîðà ïî ãîðèçîíòàëè
input ENUM_MA_METHOD MA4_Method = MODE_EMA; // òèï ñãëàæèâàíèÿ
input ENUM_APPLIED_PRICE MA4_Applied_Price = PRICE_CLOSE; // òèï öåíû èëè handle
//--- Ïàðàìåòðû Moving Average 5 -------------------------------------
input string MA5_Info="Ïàðàìåòðû Moving Average 5";
//string MA5_Symbol = 0; // èìÿ ñèìâîëà
input ENUM_TIMEFRAMES MA5_TFPeriod = 0; // ïåðèîä
input int MA5_Period = 50; // ïåðèîä óñðåäíåíèÿ
input int MA5_Shift = 0; // ñìåùåíèå èíäèêàòîðà ïî ãîðèçîíòàëè
input ENUM_MA_METHOD MA5_Method = MODE_SMA; // òèï ñãëàæèâàíèÿ
input ENUM_APPLIED_PRICE MA5_Applied_Price = PRICE_CLOSE; // òèï öåíû èëè handle
//--- indicator buffers
double MA1Buffer[];
double MA2Buffer[];
double MA3Buffer[];
double MA4Buffer[];
double MA5Buffer[];
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
void OnInit(void)
{
int draw_begin1 = MA1_Period-1;
int draw_begin2 = MA2_Period-1;
int draw_begin3 = MA3_Period-1;
int draw_begin4 = MA4_Period-1;
int draw_begin5 = MA5_Period-1;
//---
SetIndexBuffer(0,MA1Buffer);
SetIndexBuffer(1,MA2Buffer);
SetIndexBuffer(2,MA3Buffer);
SetIndexBuffer(3,MA4Buffer);
SetIndexBuffer(4,MA5Buffer);
//---
for(int i=0; i<=6; i++)
SetIndexShift(i,0);
//---
SetIndexDrawBegin(0,draw_begin1);
SetIndexDrawBegin(1,draw_begin2);
SetIndexDrawBegin(2,draw_begin3);
SetIndexDrawBegin(3,draw_begin4);
SetIndexDrawBegin(4,draw_begin5);
//---
SetIndexLabel(0,"MA "+IntegerToString(MA1_Period));
SetIndexLabel(1,"MA "+IntegerToString(MA2_Period));
SetIndexLabel(2,"MA "+IntegerToString(MA3_Period));
SetIndexLabel(3,"MA "+IntegerToString(MA4_Period));
SetIndexLabel(4,"MA "+IntegerToString(MA5_Period));
//---
IndicatorDigits(Digits);
}
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
int OnCalculate(const int rates_total,
const int prev_calculated,
const datetime &time[],
const double &open[],
const double &high[],
const double &low[],
const double &close[],
const long &tick_volume[],
const long &volume[],
const int &spread[])
{
int limit=rates_total-prev_calculated;
//---
for(int i=0; i<limit; i++)
{
if(MA1_Period!=0)
MA1Buffer[i]=iMA(NULL,MA1_TFPeriod,MA1_Period,MA1_Shift,MA1_Method,MA1_Applied_Price,i);
if(MA2_Period!=0)
MA2Buffer[i]=iMA(NULL,MA2_TFPeriod,MA2_Period,MA2_Shift,MA2_Method,MA2_Applied_Price,i);
if(MA3_Period!=0)
MA3Buffer[i]=iMA(NULL,MA3_TFPeriod,MA3_Period,MA3_Shift,MA3_Method,MA3_Applied_Price,i);
if(MA4_Period!=0)
MA4Buffer[i]=iMA(NULL,MA4_TFPeriod,MA4_Period,MA4_Shift,MA4_Method,MA4_Applied_Price,i);
if(MA5_Period!=0)
MA5Buffer[i]=iMA(NULL,MA5_TFPeriod,MA5_Period,MA5_Shift,MA5_Method,MA5_Applied_Price,i);
}
return(rates_total);
}
//+------------------------------------------------------------------+
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